Teamwork Financial Advisors LLC cut its position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 91.4% in the third quarter, HoldingsChannel reports. The firm owned 13,529 shares of the company’s stock after selling 143,334 shares during the period. Teamwork Financial Advisors LLC’s holdings in NEOS S&P 500 High Income ETF were worth $719,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of SPYI. PMG Family Office LLC lifted its holdings in shares of NEOS S&P 500 High Income ETF by 10.3% in the 3rd quarter. PMG Family Office LLC now owns 19,526 shares of the company’s stock worth $1,038,000 after buying an additional 1,823 shares during the period. New Wave Wealth Advisors LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the 3rd quarter worth $2,741,000. Independent Wealth Network Inc. grew its position in shares of NEOS S&P 500 High Income ETF by 6.6% during the 3rd quarter. Independent Wealth Network Inc. now owns 4,711 shares of the company’s stock worth $250,000 after buying an additional 291 shares in the last quarter. Foguth Wealth Management LLC. grew its position in shares of NEOS S&P 500 High Income ETF by 5.7% during the 3rd quarter. Foguth Wealth Management LLC. now owns 1,068,488 shares of the company’s stock worth $57,004,000 after buying an additional 57,489 shares in the last quarter. Finally, Brown Lisle Cummings Inc. increased its stake in shares of NEOS S&P 500 High Income ETF by 8.7% during the third quarter. Brown Lisle Cummings Inc. now owns 50,510 shares of the company’s stock valued at $2,686,000 after buying an additional 4,055 shares during the period.
NEOS S&P 500 High Income ETF Trading Up 0.4%
Shares of NEOS S&P 500 High Income ETF stock traded up $0.19 during trading on Monday, hitting $53.54. 3,079,104 shares of the stock traded hands, compared to its average volume of 3,504,600. The stock’s fifty day simple moving average is $53.66 and its 200 day simple moving average is $53.06. The firm has a market cap of $4.42 billion, a P/E ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 52-week low of $47.77 and a 52-week high of $54.47.
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.
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