Chung Wu Investment Group LLC Buys Shares of 99,516 NEOS Nasdaq 100 High Income ETF $QQQI

Chung Wu Investment Group LLC purchased a new stake in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 99,516 shares of the company’s stock, valued at approximately $5,394,000. NEOS Nasdaq 100 High Income ETF accounts for 4.5% of Chung Wu Investment Group LLC’s investment portfolio, making the stock its 4th biggest holding. Chung Wu Investment Group LLC owned about 0.09% of NEOS Nasdaq 100 High Income ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC grew 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 worth $27,000 after buying an additional 482 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in NEOS Nasdaq 100 High Income ETF during the 3rd quarter worth $54,000. Golden State Wealth Management LLC bought a new position in shares of NEOS Nasdaq 100 High Income ETF in the third quarter worth $56,000. City State Bank increased its holdings in shares of 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 valued at $104,000 after purchasing an additional 1,000 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in shares of NEOS Nasdaq 100 High Income ETF during the first quarter valued at $113,000.

NEOS Nasdaq 100 High Income ETF Stock Down 0.9%

QQQI stock opened at $53.83 on Friday. The company has a 50-day simple moving average of $54.30 and a 200 day simple moving average of $53.95. The company has a market capitalization of $8.25 billion, a P/E ratio of 32.88 and a beta of 0.88. NEOS Nasdaq 100 High Income ETF has a fifty-two week low of $41.17 and a fifty-two week high of $55.93.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Wednesday, January 21st were paid a $0.6359 dividend. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.63.

NEOS Nasdaq 100 High Income ETF 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.