NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Trading Up 0.6% – Time to Buy?

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH)’s share price shot up 0.6% during trading on Friday . The company traded as high as $54.89 and last traded at $54.81. 17,370 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 30,191 shares. The stock had previously closed at $54.49.

NEOS Nasdaq-100 Hedged Equity Income ETF Price Performance

The company has a market capitalization of $383.12 million, a price-to-earnings ratio of 30.94 and a beta of 0.68. The firm has a 50-day moving average price of $54.90 and a two-hundred day moving average price of $54.22.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 29th were paid a $0.4023 dividend. The ex-dividend date was Wednesday, July 29th. This is a positive change from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous dividend of $0.39.

Hedge Funds Weigh In On NEOS Nasdaq-100 Hedged Equity Income ETF

An institutional investor recently bought a new stake in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Garton & Associates Financial Advisors LLC acquired a new stake in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 902 shares of the company’s stock, valued at approximately $49,000.

About NEOS Nasdaq-100 Hedged Equity Income ETF

The NEOS Nasdaq 100 Hedged Equity Income ETF (QQQH) is an exchange-traded fund that mostly invests in large cap equity. NUSI is an actively-managed portfolio of stocks included in the Nasdaq-100 Index combined with an options collar. The fund seeks to generate current income with some downside protection. QQQH was launched on Dec 19, 2019 and is issued by Neos.