Verus Capital Partners LLC grew its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 385.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,644 shares of the company’s stock after acquiring an additional 45,771 shares during the period. Verus Capital Partners LLC owned about 0.07% of NEOS S&P 500 High Income ETF worth $3,028,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in SPYI. Royal Bank of Canada lifted its position in shares of NEOS S&P 500 High Income ETF by 17.5% in the 1st quarter. Royal Bank of Canada now owns 62,184 shares of the company’s stock worth $2,978,000 after buying an additional 9,262 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of NEOS S&P 500 High Income ETF by 215.1% in the 1st quarter. NewEdge Advisors LLC now owns 2,048 shares of the company’s stock worth $98,000 after buying an additional 1,398 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of NEOS S&P 500 High Income ETF in the 2nd quarter worth about $91,000. Baird Financial Group Inc. bought a new position in shares of NEOS S&P 500 High Income ETF in the 2nd quarter worth about $704,000. Finally, Jump Financial LLC bought a new position in shares of NEOS S&P 500 High Income ETF in the 2nd quarter worth about $1,132,000.
NEOS S&P 500 High Income ETF Stock Performance
NEOS S&P 500 High Income ETF stock opened at $53.80 on Thursday. The firm’s 50-day moving average is $52.07 and its 200-day moving average is $52.21. NEOS S&P 500 High Income ETF has a 1 year low of $47.77 and a 1 year high of $54.11. The company has a market cap of $4.44 billion, a P/E 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.
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