Clay Northam Wealth Management LLC Makes New Investment in NEOS S&P 500 High Income ETF $SPYI

Clay Northam Wealth Management LLC acquired a new stake in NEOS S&P 500 High Income ETF (BATS:SPYI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,461 shares of the company’s stock, valued at approximately $862,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SPYI. United Community Bank acquired a new position in shares of NEOS S&P 500 High Income ETF during the 4th quarter worth approximately $26,000. HFM Investment Advisors LLC acquired a new stake in NEOS S&P 500 High Income ETF in the 4th quarter valued at $27,000. Root Financial Partners LLC grew its stake 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 acquiring an additional 255 shares during the period. Optima Capital LLC purchased a new stake in NEOS S&P 500 High Income ETF in the 4th quarter worth $37,000. Finally, Wells Fargo & Company MN increased its holdings in NEOS S&P 500 High Income ETF by 503.0% in the 4th quarter. Wells Fargo & Company MN now owns 796 shares of the company’s stock worth $42,000 after acquiring an additional 664 shares in the last quarter.

NEOS S&P 500 High Income ETF Stock Performance

BATS:SPYI opened at $53.38 on Tuesday. The stock has a market capitalization of $4.41 billion, a PE ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a fifty-two week low of $47.77 and a fifty-two week high of $54.11. The company has a fifty day moving average of $53.09 and a two-hundred day moving average of $52.29.

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.