NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Trading 0.1% Higher – Here’s What Happened

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI)’s share price was up 0.1% during mid-day trading on Wednesday . The company traded as high as $52.80 and last traded at $52.50. Approximately 3,788,015 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 5,833,088 shares. The stock had previously closed at $52.44.

NEOS Nasdaq 100 High Income ETF Stock Up 0.1%

The stock’s 50-day simple moving average is $53.30 and its two-hundred day simple moving average is $53.89. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 32.88 and a beta of 0.88.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 20th. Stockholders of record on Wednesday, February 18th were paid a dividend of $0.614 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a c) dividend on an annualized basis and a dividend yield of 14.0%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Chung Wu Investment Group LLC purchased a new stake in NEOS Nasdaq 100 High Income ETF during the 3rd quarter worth approximately $5,394,000. Anfield Capital Management LLC purchased a new position in shares of NEOS Nasdaq 100 High Income ETF in the third quarter valued at approximately $101,000. ELCO Management Co. LLC lifted its position 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 valued at $287,000 after acquiring an additional 400 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of NEOS Nasdaq 100 High Income ETF in the third quarter worth approximately $56,000. Finally, Arkadios Wealth Advisors boosted its stake in shares of NEOS Nasdaq 100 High Income ETF by 28.5% in the third quarter. Arkadios Wealth Advisors now owns 7,372 shares of the company’s stock worth $400,000 after acquiring an additional 1,637 shares during 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.