Bay Capital Advisors LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) in the fourth quarter, Holdings Channel reports. The fund acquired 15,285 shares of the company’s stock, valued at approximately $803,000.
A number of other institutional investors have also recently added to or reduced their stakes in SPYI. Howard Capital Management Inc. acquired a new stake in NEOS S&P 500 High Income ETF in the third quarter worth $21,542,000. Merit Financial Group LLC bought a new stake in NEOS S&P 500 High Income ETF in the third quarter valued at $21,418,000. Envestnet Asset Management Inc. boosted its holdings in shares of NEOS S&P 500 High Income ETF by 310.4% during the third quarter. Envestnet Asset Management Inc. now owns 352,525 shares of the company’s stock valued at $18,437,000 after acquiring an additional 266,635 shares during the period. Aventura Private Wealth LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the fourth quarter worth about $12,635,000. Finally, MADDEN SECURITIES Corp grew its position in shares of NEOS S&P 500 High Income ETF by 204.1% during the third quarter. MADDEN SECURITIES Corp now owns 352,855 shares of the company’s stock worth $18,454,000 after acquiring an additional 236,835 shares during the last quarter.
NEOS S&P 500 High Income ETF Stock Up 0.6%
SPYI stock opened at $49.65 on Thursday. The stock has a market cap of $4.10 billion, a PE ratio of 25.58 and a beta of 0.71. The firm’s 50-day simple moving average is $51.50 and its 200 day simple moving average is $52.18. 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 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.
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