Farther Finance Advisors LLC Makes New Investment in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH)

Farther Finance Advisors LLC acquired a new stake in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 540 shares of the company’s stock, valued at approximately $26,000.

NEOS Nasdaq-100 Hedged Equity Income ETF Price Performance

Shares of NASDAQ:QQQH opened at $52.05 on Thursday. NEOS Nasdaq-100 Hedged Equity Income ETF has a one year low of $43.02 and a one year high of $53.80. The firm’s fifty day moving average is $50.48. The firm has a market cap of $311.78 million and a P/E ratio of 30.94.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 25th will be given a dividend of $0.4155 per share. This represents a $4.99 dividend on an annualized basis and a dividend yield of 9.58%. The ex-dividend date of this dividend is Wednesday, June 25th. This is an increase from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.41.

NEOS Nasdaq-100 Hedged Equity Income ETF Profile

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.