Axxcess Wealth Management LLC Raises Holdings in NEOS S&P 500 High Income ETF $SPYI

Axxcess Wealth Management LLC increased its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI) by 157.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,537 shares of the company’s stock after buying an additional 14,380 shares during the period. Axxcess Wealth Management LLC’s holdings in NEOS S&P 500 High Income ETF were worth $1,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. United Community Bank purchased a new position in shares of NEOS S&P 500 High Income ETF in the 4th quarter valued at $26,000. HFM Investment Advisors LLC bought a new position in shares of NEOS S&P 500 High Income ETF in the 4th quarter worth $27,000. Root Financial Partners LLC lifted its stake in shares of NEOS S&P 500 High Income ETF by 79.2% during the 1st quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 255 shares during the last quarter. Optima Capital LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF during the 4th quarter worth $37,000. Finally, Advocate Investing Services LLC bought a new stake in NEOS S&P 500 High Income ETF during the first quarter valued at about $39,000.

NEOS S&P 500 High Income ETF Price Performance

SPYI opened at $53.15 on Thursday. The business’s 50-day moving average is $53.13 and its two-hundred day moving average is $52.31. NEOS S&P 500 High Income ETF has a 1 year low of $47.77 and a 1 year high of $54.11. The firm has a market capitalization of $4.39 billion, a PE ratio of 25.58 and a beta of 0.71.

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.