NEOS S&P 500 High Income ETF (BATS:SPYI) Sets New 52-Week High – Time to Buy?

NEOS S&P 500 High Income ETF (BATS:SPYIGet Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $54.26 and last traded at $54.26, with a volume of 905406 shares. The stock had previously closed at $54.18.

NEOS S&P 500 High Income ETF Price Performance

The business has a 50 day moving average price of $53.08 and a 200 day moving average price of $52.34. The stock has a market capitalization of $4.48 billion, a PE ratio of 25.58 and a beta of 0.71.

Institutional Trading of NEOS S&P 500 High Income ETF

Several institutional investors have recently bought and sold shares of SPYI. Trust Co. of Vermont bought a new stake in NEOS S&P 500 High Income ETF during the 2nd quarter valued at about $50,000. Scott Capital Advisors LLC lifted its stake in shares of NEOS S&P 500 High Income ETF by 57.9% in the second quarter. Scott Capital Advisors LLC now owns 8,163 shares of the company’s stock worth $433,000 after buying an additional 2,993 shares in the last quarter. Fulcrum Equity Management purchased a new stake in shares of NEOS S&P 500 High Income ETF during the second quarter valued at approximately $293,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of NEOS S&P 500 High Income ETF during the second quarter valued at approximately $202,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in NEOS S&P 500 High Income ETF in the 2nd quarter worth approximately $453,000.

NEOS S&P 500 High Income ETF Company Profile

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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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