ELCO Management Co. LLC Takes Position in NEOS Nasdaq 100 High Income ETF $QQQI

ELCO Management Co. LLC purchased a new stake in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,900 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds also recently made changes to their positions in the stock. FSA Advisors Inc. grew its position in shares of NEOS Nasdaq 100 High Income ETF by 159.6% in the second quarter. FSA Advisors Inc. now owns 23,193 shares of the company’s stock valued at $1,206,000 after purchasing an additional 14,258 shares in the last quarter. City State Bank grew its position in NEOS Nasdaq 100 High Income ETF by 100.0% during the second quarter. City State Bank now owns 2,000 shares of the company’s stock worth $104,000 after buying an additional 1,000 shares in the last quarter. Private Trust Co. NA grew its position in NEOS Nasdaq 100 High Income ETF by 11.5% during the second quarter. Private Trust Co. NA now owns 3,874 shares of the company’s stock worth $201,000 after buying an additional 400 shares in the last quarter. Capital & Planning LLC purchased a new position in NEOS Nasdaq 100 High Income ETF during the second quarter worth about $246,000. Finally, AdvisorNet Financial Inc grew its position in NEOS Nasdaq 100 High Income ETF by 356.7% during the second quarter. AdvisorNet Financial Inc now owns 8,266 shares of the company’s stock worth $430,000 after buying an additional 6,456 shares in the last quarter.

NEOS Nasdaq 100 High Income ETF Stock Up 0.4%

NEOS Nasdaq 100 High Income ETF stock opened at $55.67 on Wednesday. NEOS Nasdaq 100 High Income ETF has a 52 week low of $41.17 and a 52 week high of $55.75. The business has a 50-day simple moving average of $53.93 and a 200 day simple moving average of $51.85. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 32.88 and a beta of 0.88.

NEOS Nasdaq 100 High Income ETF Announces Dividend

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

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.