Cary Street Partners Financial LLC Has $2.92 Million Position in NEOS S&P 500 High Income ETF $SPYI

Cary Street Partners Financial LLC grew its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 388.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,598 shares of the company’s stock after purchasing an additional 44,227 shares during the period. Cary Street Partners Financial LLC owned about 0.07% of NEOS S&P 500 High Income ETF worth $2,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Harbour Investments Inc. boosted its stake in shares of NEOS S&P 500 High Income ETF by 7.4% in the 4th quarter. Harbour Investments Inc. now owns 17,932 shares of the company’s stock valued at $942,000 after purchasing an additional 1,241 shares in the last quarter. Prospera Financial Services Inc bought a new position in NEOS S&P 500 High Income ETF in the 4th quarter valued at approximately $458,000. EverSource Wealth Advisors LLC raised its holdings in NEOS S&P 500 High Income ETF by 16.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the company’s stock valued at $110,000 after buying an additional 300 shares during the last quarter. Ignite Planners LLC bought a new position in NEOS S&P 500 High Income ETF in the 4th quarter valued at approximately $224,000. Finally, Axxcess Wealth Management LLC bought a new position in NEOS S&P 500 High Income ETF in the 4th quarter valued at approximately $481,000.

NEOS S&P 500 High Income ETF Price Performance

Shares of BATS SPYI opened at $53.65 on Thursday. The company has a 50 day simple moving average of $51.68 and a 200 day simple moving average of $52.17. The firm has a market cap of $4.43 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 $47.77 and a 1 year high of $53.96.

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.