Northwestern Mutual Wealth Management Co. raised its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 69.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 78,664 shares of the company’s stock after purchasing an additional 32,181 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in NEOS S&P 500 High Income ETF were worth $4,132,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. United Community Bank purchased a new position in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $26,000. HFM Investment Advisors LLC purchased a new position in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $27,000. Optima Capital LLC purchased a new position in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $37,000. Abound Wealth Management boosted its stake in shares of NEOS S&P 500 High Income ETF by 519.3% in the fourth quarter. Abound Wealth Management now owns 1,189 shares of the company’s stock valued at $62,000 after purchasing an additional 997 shares during the period. Finally, Tucker Asset Management LLC purchased a new position in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $79,000.
NEOS S&P 500 High Income ETF Stock Performance
BATS SPYI opened at $53.98 on Friday. The firm has a 50 day simple moving average of $52.16 and a 200-day simple moving average of $52.23. NEOS S&P 500 High Income ETF has a one year low of $47.77 and a one year high of $54.11. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71.
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.
See Also
- Five stocks we like better than NEOS S&P 500 High Income ETF
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Want to see what other hedge funds are holding SPYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report).
Receive News & Ratings for NEOS S&P 500 High Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEOS S&P 500 High Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
