Studio Investment Management LLC bought a new position in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,082 shares of the company’s stock, valued at approximately $1,544,000.
Other institutional investors and hedge funds have also modified their holdings of the company. HFM Investment Advisors LLC purchased a new stake in NEOS S&P 500 High Income ETF in the 4th quarter worth about $27,000. Root Financial Partners LLC boosted its position in NEOS S&P 500 High Income ETF by 79.2% during the 1st quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 255 shares during the period. Continuum Advisory LLC purchased a new position in NEOS S&P 500 High Income ETF during the 2nd quarter valued at about $32,000. Advocate Investing Services LLC purchased a new position in NEOS S&P 500 High Income ETF during the 1st quarter valued at about $39,000. Finally, Wells Fargo & Company MN increased its holdings in shares of NEOS S&P 500 High Income ETF by 503.0% in the 4th quarter. Wells Fargo & Company MN now owns 796 shares of the company’s stock valued at $42,000 after purchasing an additional 664 shares during the period.
NEOS S&P 500 High Income ETF Price Performance
Shares of SPYI opened at $53.86 on Monday. The business’s 50-day moving average is $53.42 and its 200-day moving average is $52.51. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a fifty-two week low of $47.77 and a fifty-two week high of $54.47.
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.
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