NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Stock Price Down 1.5% – Time to Sell?

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHGet Free Report)’s stock price fell 1.5% during trading on Friday . The company traded as low as $51.51 and last traded at $51.78. 44,314 shares were traded during mid-day trading, an increase of 50% from the average session volume of 29,638 shares. The stock had previously closed at $52.59.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Down 1.5%

The company has a 50 day moving average of $53.71 and a 200 day moving average of $54.22. The stock has a market capitalization of $342.78 million, a price-to-earnings ratio of 30.94 and a beta of 0.62.

NEOS Nasdaq-100 Hedged Equity Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.3992 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Advisory Services Network LLC increased its stake in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHFree Report) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,407 shares of the company’s stock after acquiring an additional 199 shares during the period. Advisory Services Network LLC owned approximately 0.17% of NEOS Nasdaq-100 Hedged Equity Income ETF worth $619,000 as of its most recent SEC filing.

NEOS Nasdaq-100 Hedged Equity Income ETF Company Profile

(Get Free Report)

The NEOS Nasdaq 100 Hedged Equity Income ETF (QQQH) is an exchange-traded fund that mostly invests in large cap equity. NUSI is an actively-managed portfolio of stocks included in the Nasdaq-100 Index combined with an options collar. The fund seeks to generate current income with some downside protection. QQQH was launched on Dec 19, 2019 and is issued by Neos.

Further Reading

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