NEOS S&P 500 High Income ETF $SPYI Shares Acquired by Merit Financial Group LLC

Merit Financial Group LLC grew its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 425,441 shares of the company’s stock after purchasing an additional 15,919 shares during the quarter. Merit Financial Group LLC’s holdings in NEOS S&P 500 High Income ETF were worth $22,348,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Howard Capital Management Inc. acquired a new stake in NEOS S&P 500 High Income ETF during the 3rd quarter worth approximately $21,542,000. Envestnet Asset Management Inc. grew its stake in NEOS S&P 500 High Income ETF by 310.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 352,525 shares of the company’s stock worth $18,437,000 after purchasing an additional 266,635 shares in the last quarter. Aventura Private Wealth LLC purchased a new stake in NEOS S&P 500 High Income ETF during the 4th quarter worth about $12,635,000. MADDEN SECURITIES Corp increased its holdings in NEOS S&P 500 High Income ETF by 204.1% during the 3rd quarter. MADDEN SECURITIES Corp now owns 352,855 shares of the company’s stock worth $18,454,000 after purchasing an additional 236,835 shares during the period. Finally, UBS Group AG raised its position in NEOS S&P 500 High Income ETF by 32.2% in the 3rd quarter. UBS Group AG now owns 592,650 shares of the company’s stock valued at $30,996,000 after purchasing an additional 144,511 shares in the last quarter.

NEOS S&P 500 High Income ETF Stock Performance

SPYI stock opened at $52.20 on Friday. The company’s 50 day moving average price is $51.13 and its 200 day moving average price is $52.07. 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 has a fifty-two week low of $43.91 and a fifty-two week high of $53.38.

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. SPYI was launched on Aug 30, 2022 and is managed by Neos.