NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Trading Down 0.1% – Should You Sell?

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI)’s stock price dropped 0.1% on Friday . The stock traded as low as $54.21 and last traded at $54.36. Approximately 5,059,019 shares traded hands during trading, an increase of 13% from the average daily volume of 4,482,135 shares. The stock had previously closed at $54.39.

NEOS Nasdaq 100 High Income ETF Trading Down 0.1%

The company has a market cap of $7.69 billion, a P/E ratio of 32.88 and a beta of 0.88. The stock’s 50 day moving average is $54.27 and its 200-day moving average is $53.83.

NEOS Nasdaq 100 High Income ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were paid a $0.6413 dividend. The ex-dividend date was Wednesday, December 24th.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

A number of hedge funds have recently added to or reduced their stakes in QQQI. Chung Wu Investment Group LLC purchased a new stake in NEOS Nasdaq 100 High Income ETF during the 3rd quarter valued at $5,394,000. NewEdge Advisors LLC lifted its holdings in shares of NEOS Nasdaq 100 High Income ETF by 667.6% during the third quarter. NewEdge Advisors LLC now owns 52,887 shares of the company’s stock valued at $2,866,000 after purchasing an additional 45,997 shares in the last quarter. BlueStem Wealth Partners LLC lifted its holdings in shares of NEOS Nasdaq 100 High Income ETF by 40.9% during the third quarter. BlueStem Wealth Partners LLC now owns 26,805 shares of the company’s stock valued at $1,453,000 after purchasing an additional 7,782 shares in the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF during the fourth quarter valued at $1,326,000. Finally, FSA Advisors Inc. increased its holdings in NEOS Nasdaq 100 High Income ETF by 159.6% in the 2nd quarter. FSA Advisors Inc. now owns 23,193 shares of the company’s stock worth $1,206,000 after buying an additional 14,258 shares in 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.