Teamwork Financial Advisors LLC Buys 75,565 Shares of NEOS S&P 500 High Income ETF $SPYI

Teamwork Financial Advisors LLC grew its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 73.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 178,663 shares of the company’s stock after buying an additional 75,565 shares during the period. Teamwork Financial Advisors LLC’s holdings in NEOS S&P 500 High Income ETF were worth $9,385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new position in NEOS S&P 500 High Income ETF during the third quarter valued at approximately $27,000. Pinnacle Bancorp Inc. bought a new position in shares of NEOS S&P 500 High Income ETF in the third quarter worth approximately $31,000. Activest Wealth Management increased its stake in shares of NEOS S&P 500 High Income ETF by 154.8% in the third quarter. Activest Wealth Management now owns 986 shares of the company’s stock worth $52,000 after purchasing an additional 599 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of NEOS S&P 500 High Income ETF by 232.3% in the third quarter. Geneos Wealth Management Inc. now owns 1,369 shares of the company’s stock worth $72,000 after purchasing an additional 957 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of NEOS S&P 500 High Income ETF during the 2nd quarter valued at $91,000.

NEOS S&P 500 High Income ETF Stock Performance

SPYI opened at $49.27 on Monday. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. The firm’s fifty day moving average is $52.10 and its 200 day moving average is $52.33. NEOS S&P 500 High Income ETF has a fifty-two week low of $41.60 and a fifty-two week high of $53.38.

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.