NEOS S&P 500 High Income ETF $SPYI is Cascade Wealth Advisors Inc’s Largest Position

Cascade Wealth Advisors Inc reduced its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 12.8% during the 3rd quarter, Holdings Channel reports. The fund owned 320,430 shares of the company’s stock after selling 46,990 shares during the period. NEOS S&P 500 High Income ETF comprises about 8.4% of Cascade Wealth Advisors Inc’s portfolio, making the stock its biggest position. Cascade Wealth Advisors Inc’s holdings in NEOS S&P 500 High Income ETF were worth $16,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC grew its holdings in shares of NEOS S&P 500 High Income ETF by 160.4% during the third quarter. Kingsview Wealth Management LLC now owns 57,439 shares of the company’s stock worth $3,004,000 after buying an additional 35,381 shares in the last quarter. Journey Strategic Wealth LLC acquired a new position in NEOS S&P 500 High Income ETF in the third quarter valued at $313,000. Group One Trading LLC purchased a new position in NEOS S&P 500 High Income ETF during the third quarter worth about $137,000. Arete Wealth Advisors LLC boosted its stake in NEOS S&P 500 High Income ETF by 44.8% in the 3rd quarter. Arete Wealth Advisors LLC now owns 51,710 shares of the company’s stock worth $2,704,000 after buying an additional 15,996 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its holdings in NEOS S&P 500 High Income ETF by 20.2% in the 3rd quarter. Diversify Wealth Management LLC now owns 22,809 shares of the company’s stock valued at $1,206,000 after buying an additional 3,838 shares during the period.

NEOS S&P 500 High Income ETF Stock Performance

SPYI opened at $52.09 on Monday. The stock has a market capitalization of $4.30 billion, a PE ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 1 year low of $41.60 and a 1 year high of $53.38. The company’s 50 day simple moving average is $52.66 and its 200 day simple moving average is $52.37.

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.