NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Hits New 1-Year High – Still a Buy?

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $57.07 and last traded at $57.07, with a volume of 2161234 shares. The stock had previously closed at $56.85.

NEOS Nasdaq 100 High Income ETF Stock Performance

The company has a market cap of $11.60 billion, a price-to-earnings ratio of 32.88 and a beta of 0.91. The business has a 50-day simple moving average of $53.53 and a 200-day simple moving average of $53.58.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 22nd. Investors of record on Wednesday, May 20th were paid a dividend of $0.6589 per share. The ex-dividend date was Wednesday, May 20th. This is a positive change from NEOS Nasdaq 100 High Income ETF’s previous dividend of $0.64.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors grew its holdings in NEOS Nasdaq 100 High Income ETF by 20.3% during the 1st quarter. Arkadios Wealth Advisors now owns 10,757 shares of the company’s stock worth $535,000 after acquiring an additional 1,816 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of NEOS Nasdaq 100 High Income ETF by 59.7% in the 1st quarter. Sunbelt Securities Inc. now owns 12,862 shares of the company’s stock valued at $639,000 after purchasing an additional 4,806 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of NEOS Nasdaq 100 High Income ETF by 1,401.3% in the 1st quarter. Parallel Advisors LLC now owns 5,615 shares of the company’s stock valued at $279,000 after purchasing an additional 5,241 shares in the last quarter. FSA Advisors Inc. lifted its position in shares of NEOS Nasdaq 100 High Income ETF by 9.6% during the 1st quarter. FSA Advisors Inc. now owns 60,716 shares of the company’s stock worth $3,017,000 after purchasing an additional 5,306 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF during the 1st quarter worth $232,000.

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.