HBW Advisory Services LLC Boosts Stock Holdings in NEOS S&P 500 High Income ETF $SPYI

HBW Advisory Services LLC raised its position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 19.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,087 shares of the company’s stock after acquiring an additional 15,827 shares during the quarter. HBW Advisory Services LLC owned approximately 0.12% of NEOS S&P 500 High Income ETF worth $4,744,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. United Community Bank purchased a new stake in shares of NEOS S&P 500 High Income ETF during the fourth quarter worth approximately $26,000. HFM Investment Advisors LLC acquired a new position in NEOS S&P 500 High Income ETF in the 4th quarter valued at $27,000. Root Financial Partners LLC lifted its holdings in NEOS S&P 500 High Income ETF by 79.2% in the 1st quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 255 shares in the last quarter. Optima Capital LLC purchased a new position in NEOS S&P 500 High Income ETF in the 4th quarter valued at $37,000. Finally, Advocate Investing Services LLC purchased a new position in NEOS S&P 500 High Income ETF in the 1st quarter valued at $39,000.

NEOS S&P 500 High Income ETF Stock Down 0.6%

Shares of SPYI opened at $53.37 on Tuesday. NEOS S&P 500 High Income ETF has a 52-week low of $47.77 and a 52-week high of $54.11. The stock has a market cap of $4.41 billion, a PE ratio of 25.58 and a beta of 0.71. The firm’s fifty day moving average is $53.21 and its two-hundred day moving average is $52.31.

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.