NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Reaches New 1-Year High – Should You Buy?

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.93 and last traded at $55.90, with a volume of 359348 shares trading hands. The stock had previously closed at $55.52.

NEOS Nasdaq 100 High Income ETF Price Performance

The firm’s 50 day moving average is $54.12 and its 200 day moving average is $52.09. The company has a market cap of $5.96 billion, a PE ratio of 32.88 and a beta of 0.88.

NEOS Nasdaq 100 High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 24th. Investors of record on Wednesday, October 22nd were issued a dividend of $0.6445 per share. This represents a c) dividend on an annualized basis and a yield of 13.9%. The ex-dividend date was Wednesday, October 22nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC raised its holdings in NEOS Nasdaq 100 High Income ETF by 2,295.2% in the 3rd quarter. Bogart Wealth LLC now owns 503 shares of the company’s stock worth $27,000 after purchasing an additional 482 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF in the 3rd quarter worth about $54,000. City State Bank grew its position in shares of NEOS Nasdaq 100 High Income ETF by 100.0% in the 2nd quarter. City State Bank now owns 2,000 shares of the company’s stock worth $104,000 after buying an additional 1,000 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF in the 1st quarter worth about $113,000. Finally, Private Trust Co. NA grew its position in shares of NEOS Nasdaq 100 High Income ETF by 73.7% in the 1st quarter. Private Trust Co. NA now owns 3,474 shares of the company’s stock worth $165,000 after buying an additional 1,474 shares during the period.

NEOS Nasdaq 100 High Income ETF Company Profile

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.