NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Hits New 52-Week High – Should You Buy?

Shares of NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $56.67 and last traded at $56.66, with a volume of 3200314 shares. The stock had previously closed at $56.32.

NEOS Nasdaq 100 High Income ETF Price Performance

The business has a 50-day moving average of $52.37 and a 200 day moving average of $53.43. The company has a market cap of $11.48 billion, a PE ratio of 32.88 and a beta of 0.91.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 22nd were given a dividend of $0.6297 per share. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date of this dividend was Wednesday, April 22nd. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.61.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in QQQI. Parallel Advisors LLC increased its holdings in shares of NEOS Nasdaq 100 High Income ETF by 1,401.3% in the first quarter. Parallel Advisors LLC now owns 5,615 shares of the company’s stock worth $279,000 after purchasing an additional 5,241 shares during the last quarter. FSA Advisors Inc. boosted its stake in NEOS Nasdaq 100 High Income ETF by 9.6% during the first quarter. FSA Advisors Inc. now owns 60,716 shares of the company’s stock valued at $3,017,000 after buying an additional 5,306 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in NEOS Nasdaq 100 High Income ETF during the 1st quarter valued at approximately $232,000. Capital Planning LLC grew its holdings in NEOS Nasdaq 100 High Income ETF by 3.2% during the 1st quarter. Capital Planning LLC now owns 9,617 shares of the company’s stock valued at $478,000 after buying an additional 295 shares in the last quarter. Finally, Bogart Wealth LLC raised its holdings in shares of NEOS Nasdaq 100 High Income ETF by 2,465.5% during the 1st quarter. Bogart Wealth LLC now owns 17,599 shares of the company’s stock worth $874,000 after acquiring an additional 16,913 shares in the last quarter.

About NEOS Nasdaq 100 High Income ETF

The NEOS Nasdaq 100 High Income ETF (QQQI) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks high monthly income through NASDAQ-100 stocks and call options, pursuing potential equity growth in a tax-efficient manner. QQQI was launched on Jan 30, 2024 and is issued by Neos.