Novak & Powell Financial Services Inc. Raises Holdings in NEOS S&P 500 High Income ETF (BATS:SPYI)

Novak & Powell Financial Services Inc. lifted its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,651 shares of the company’s stock after purchasing an additional 771 shares during the quarter. Novak & Powell Financial Services Inc.’s holdings in NEOS S&P 500 High Income ETF were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in shares of NEOS S&P 500 High Income ETF during the 3rd quarter valued at $350,000. Ameritas Advisory Services LLC increased its position in NEOS S&P 500 High Income ETF by 15.0% during the fourth quarter. Ameritas Advisory Services LLC now owns 7,769 shares of the company’s stock valued at $395,000 after acquiring an additional 1,015 shares during the last quarter. Diversify Wealth Management LLC lifted its holdings in NEOS S&P 500 High Income ETF by 5.1% in the fourth quarter. Diversify Wealth Management LLC now owns 12,044 shares of the company’s stock valued at $609,000 after acquiring an additional 588 shares during the period. Atomi Financial Group Inc. boosted its position in NEOS S&P 500 High Income ETF by 26.6% in the fourth quarter. Atomi Financial Group Inc. now owns 7,143 shares of the company’s stock worth $363,000 after purchasing an additional 1,501 shares during the last quarter. Finally, MCF Advisors LLC boosted its position in NEOS S&P 500 High Income ETF by 2,548.3% in the fourth quarter. MCF Advisors LLC now owns 3,072 shares of the company’s stock worth $156,000 after purchasing an additional 2,956 shares during the last quarter.

NEOS S&P 500 High Income ETF Stock Down 2.3%

BATS SPYI opened at $49.50 on Wednesday. The company has a 50-day moving average price of $47.29 and a 200-day moving average price of $50.04. NEOS S&P 500 High Income ETF has a 52 week low of $41.60 and a 52 week high of $52.78. The firm has a market capitalization of $3.39 billion, a P/E ratio of 24.38 and a beta of 0.70.

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.