SageGuard Financial Group LLC Invests $8.12 Million in NEOS S&P 500 High Income ETF $SPYI

SageGuard Financial Group LLC purchased a new position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 154,528 shares of the company’s stock, valued at approximately $8,117,000. NEOS S&P 500 High Income ETF makes up approximately 1.3% of SageGuard Financial Group LLC’s holdings, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the 3rd quarter worth $27,000. Pinnacle Bancorp Inc. bought a new position in shares of NEOS S&P 500 High Income ETF during the 3rd quarter worth $31,000. Optima Capital LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the 4th quarter worth $37,000. Activest Wealth Management grew its position in shares of NEOS S&P 500 High Income ETF by 154.8% during the 3rd quarter. Activest Wealth Management now owns 986 shares of the company’s stock worth $52,000 after buying an additional 599 shares in the last quarter. Finally, Abound Wealth Management grew its position in shares of NEOS S&P 500 High Income ETF by 519.3% during the 4th quarter. Abound Wealth Management now owns 1,189 shares of the company’s stock worth $62,000 after buying an additional 997 shares in the last quarter.

NEOS S&P 500 High Income ETF Trading Down 0.1%

SPYI opened at $52.49 on Tuesday. The business’s fifty day simple moving average is $51.11 and its 200-day simple moving average is $52.07. NEOS S&P 500 High Income ETF has a 12-month low of $43.91 and a 12-month high of $53.38. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71.

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.