Independent Advisor Alliance Sells 15,901 Shares of NEOS S&P 500 High Income ETF $SPYI

Independent Advisor Alliance decreased its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 33.3% in the 3rd quarter, Holdings Channel reports. The fund owned 31,803 shares of the company’s stock after selling 15,901 shares during the quarter. Independent Advisor Alliance’s holdings in NEOS S&P 500 High Income ETF were worth $1,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Investment Advisors LLC bought a new position in shares of NEOS S&P 500 High Income ETF in the 3rd quarter valued at about $669,000. Allworth Financial LP grew its stake in shares of NEOS S&P 500 High Income ETF by 272.1% in the second quarter. Allworth Financial LP now owns 10,872 shares of the company’s stock valued at $547,000 after buying an additional 7,950 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in NEOS S&P 500 High Income ETF by 9.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 12,675 shares of the company’s stock worth $638,000 after buying an additional 1,086 shares during the last quarter. Corient Private Wealth LLC bought a new stake in NEOS S&P 500 High Income ETF during the second quarter worth $1,286,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in NEOS S&P 500 High Income ETF by 291.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 42,648 shares of the company’s stock valued at $2,146,000 after acquiring an additional 31,749 shares during the last quarter.

NEOS S&P 500 High Income ETF Price Performance

Shares of SPYI opened at $52.98 on Tuesday. The company has a market cap of $4.38 billion, a PE ratio of 25.58 and a beta of 0.71. The firm has a 50-day moving average of $52.79 and a 200-day moving average of $52.20. NEOS S&P 500 High Income ETF has a one year low of $41.60 and a one year high of $52.78.

NEOS S&P 500 High Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Wednesday, January 21st were given a $0.5309 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend was Wednesday, January 21st.

About NEOS S&P 500 High Income ETF

The Neos S&P 500(R) High Income ETF (SPYI) is an exchange-traded fund that mostly invests in total market equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts. SPYI was launched on Aug 30, 2022 and is managed by Neos.