RFG Advisory LLC Increases Holdings in NEOS S&P 500 High Income ETF $SPYI

RFG Advisory LLC lifted its holdings in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 67.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,834 shares of the company’s stock after purchasing an additional 26,159 shares during the period. RFG Advisory LLC owned about 0.08% of NEOS S&P 500 High Income ETF worth $3,391,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Howard Capital Management Inc. bought a new stake in NEOS S&P 500 High Income ETF in the third quarter worth about $21,542,000. Merit Financial Group LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF during the 3rd quarter worth approximately $21,418,000. Envestnet Asset Management Inc. raised its holdings in shares of NEOS S&P 500 High Income ETF by 310.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 352,525 shares of the company’s stock worth $18,437,000 after purchasing an additional 266,635 shares during the period. MADDEN SECURITIES Corp lifted its stake in NEOS S&P 500 High Income ETF by 204.1% in the third quarter. MADDEN SECURITIES Corp now owns 352,855 shares of the company’s stock valued at $18,454,000 after purchasing an additional 236,835 shares during the last quarter. Finally, Chung Wu Investment Group LLC lifted its stake in NEOS S&P 500 High Income ETF by 32,643.3% in the third quarter. Chung Wu Investment Group LLC now owns 98,230 shares of the company’s stock valued at $5,137,000 after purchasing an additional 97,930 shares during the last quarter.

NEOS S&P 500 High Income ETF Trading Up 0.4%

Shares of BATS SPYI opened at $52.93 on Tuesday. The stock has a fifty day simple moving average of $52.79 and a two-hundred day simple moving average of $52.25. NEOS S&P 500 High Income ETF has a 1-year low of $41.60 and a 1-year high of $53.38. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71.

NEOS S&P 500 High Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Wednesday, January 21st were paid a dividend of $0.5309 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 12.0%.

NEOS S&P 500 High Income ETF Company Profile

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.