SG Americas Securities LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 75,000 shares of the company’s stock, valued at approximately $3,703,000. SG Americas Securities LLC owned 0.09% of NEOS S&P 500 High Income ETF as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPYI. Royal Bank of Canada raised its position in shares of NEOS S&P 500 High Income ETF by 17.5% in the first quarter. Royal Bank of Canada now owns 62,184 shares of the company’s stock worth $2,978,000 after acquiring an additional 9,262 shares during the period. NewEdge Advisors LLC increased its stake in shares of NEOS S&P 500 High Income ETF by 215.1% in the 1st quarter. NewEdge Advisors LLC now owns 2,048 shares of the company’s stock valued at $98,000 after purchasing an additional 1,398 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in NEOS S&P 500 High Income ETF in the 2nd quarter worth about $91,000. Baird Financial Group Inc. acquired a new position in NEOS S&P 500 High Income ETF in the 2nd quarter worth about $704,000. Finally, Jump Financial LLC acquired a new position in NEOS S&P 500 High Income ETF in the 2nd quarter worth about $1,132,000.
NEOS S&P 500 High Income ETF Trading Up 1.4%
Shares of SPYI opened at $52.72 on Tuesday. NEOS S&P 500 High Income ETF has a 12 month low of $47.77 and a 12 month high of $54.11. The stock’s 50 day moving average is $53.00 and its two-hundred day moving average is $52.28. The firm has a market cap of $4.35 billion, a P/E ratio of 25.58 and a beta of 0.71.
NEOS S&P 500 High Income ETF Company 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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