Gradient Investments LLC Has $83.98 Million Holdings in NEOS S&P 500 High Income ETF $SPYI

Gradient Investments LLC raised its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,668,983 shares of the company’s stock after buying an additional 26,747 shares during the quarter. NEOS S&P 500 High Income ETF accounts for 1.5% of Gradient Investments LLC’s investment portfolio, making the stock its 13th largest holding. Gradient Investments LLC owned about 2.11% of NEOS S&P 500 High Income ETF worth $83,983,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC acquired a new position in NEOS S&P 500 High Income ETF in the second quarter valued at approximately $77,000. Teamwork Financial Advisors LLC acquired a new position in shares of NEOS S&P 500 High Income ETF during the second quarter worth approximately $4,439,000. HBW Advisory Services LLC raised its position in shares of NEOS S&P 500 High Income ETF by 29.9% during the second quarter. HBW Advisory Services LLC now owns 37,822 shares of the company’s stock worth $1,903,000 after purchasing an additional 8,715 shares during the period. Intrua Financial LLC raised its position in shares of NEOS S&P 500 High Income ETF by 30.1% during the first quarter. Intrua Financial LLC now owns 10,788 shares of the company’s stock worth $517,000 after purchasing an additional 2,494 shares during the period. Finally, Belpointe Asset Management LLC acquired a new position in shares of NEOS S&P 500 High Income ETF during the first quarter worth approximately $620,000.

NEOS S&P 500 High Income ETF Stock Up 3.1%

Shares of BATS:SPYI opened at $52.24 on Monday. NEOS S&P 500 High Income ETF has a twelve month low of $41.60 and a twelve month high of $52.78. The stock’s 50 day moving average is $51.23 and its 200-day moving average is $49.34. The firm has a market capitalization of $4.31 billion, a price-to-earnings 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.