NEOS S&P 500 High Income ETF $SPYI Shares Bought by PVG Asset Management Corp

PVG Asset Management Corp raised its position in NEOS S&P 500 High Income ETF (BATS:SPYI) by 129.3% during the first quarter, HoldingsChannel.com reports. The firm owned 45,869 shares of the company’s stock after buying an additional 25,865 shares during the quarter. NEOS S&P 500 High Income ETF comprises 1.8% of PVG Asset Management Corp’s investment portfolio, making the stock its 14th biggest position. PVG Asset Management Corp’s holdings in NEOS S&P 500 High Income ETF were worth $2,473,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacific Point Advisors LLC purchased a new position in NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $1,158,000. CCG Wealth Management LLC purchased a new stake in NEOS S&P 500 High Income ETF during the fourth quarter worth approximately $778,000. Capital Investment Advisory Services LLC grew its stake in NEOS S&P 500 High Income ETF by 53.7% during the fourth quarter. Capital Investment Advisory Services LLC now owns 154,527 shares of the company’s stock worth $8,117,000 after buying an additional 54,021 shares during the period. BCS Wealth Management increased its position in shares of NEOS S&P 500 High Income ETF by 157.0% in the fourth quarter. BCS Wealth Management now owns 20,030 shares of the company’s stock worth $1,052,000 after acquiring an additional 12,237 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of NEOS S&P 500 High Income ETF by 135.5% in the fourth quarter. Apollon Wealth Management LLC now owns 114,601 shares of the company’s stock worth $6,020,000 after acquiring an additional 65,935 shares in the last quarter.

NEOS S&P 500 High Income ETF Stock Performance

Shares of SPYI stock opened at $52.86 on Monday. The company’s fifty day simple moving average is $53.06 and its 200-day simple moving average is $52.31. NEOS S&P 500 High Income ETF has a 52 week low of $47.77 and a 52 week high of $54.11. The company has a market cap of $4.37 billion, a PE 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.