Farther Finance Advisors LLC Takes Position in NEOS Nasdaq 100 High Income ETF $QQQI

Farther Finance Advisors LLC acquired a new stake in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,592 shares of the company’s stock, valued at approximately $624,000.

A number of other institutional investors have also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. raised its stake in shares of NEOS Nasdaq 100 High Income ETF by 25.0% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,251 shares of the company’s stock valued at $67,000 after purchasing an additional 250 shares during the period. ELCO Management Co. LLC increased its stake in shares of NEOS Nasdaq 100 High Income ETF by 8.2% in the third quarter. ELCO Management Co. LLC now owns 5,300 shares of the company’s stock worth $287,000 after acquiring an additional 400 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its position in shares of NEOS Nasdaq 100 High Income ETF by 806.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 453 shares of the company’s stock valued at $25,000 after purchasing an additional 403 shares during the period. 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 valued at $27,000 after acquiring an additional 482 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in NEOS Nasdaq 100 High Income ETF in the third quarter valued at $56,000.

NEOS Nasdaq 100 High Income ETF Price Performance

QQQI opened at $53.96 on Friday. NEOS Nasdaq 100 High Income ETF has a fifty-two week low of $46.53 and a fifty-two week high of $55.93. The firm has a 50 day simple moving average of $51.82 and a 200 day simple moving average of $53.40. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 32.88 and a beta of 0.89.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 22nd were issued a $0.6297 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a c) dividend on an annualized basis and a yield of 14.0%. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.61.

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.