Compass Financial Management LLC acquired a new position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) during the 2nd quarter, Holdings Channel reports. The firm acquired 19,453 shares of the company’s stock, valued at approximately $1,033,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. United Community Bank bought a new stake in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at about $26,000. HFM Investment Advisors LLC bought a new position in NEOS S&P 500 High Income ETF during the fourth quarter worth about $27,000. Root Financial Partners LLC increased its position in NEOS S&P 500 High Income ETF by 79.2% during the first quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 255 shares during the period. Wells Fargo & Company MN raised its stake in NEOS S&P 500 High Income ETF by 503.0% in the 4th quarter. Wells Fargo & Company MN now owns 796 shares of the company’s stock worth $42,000 after purchasing an additional 664 shares in the last quarter. Finally, Advocate Investing Services LLC bought a new stake in NEOS S&P 500 High Income ETF in the 1st quarter valued at about $39,000.
NEOS S&P 500 High Income ETF Price Performance
BATS SPYI opened at $53.46 on Monday. The firm has a 50-day moving average price of $53.24 and a two-hundred day moving average price of $52.43. NEOS S&P 500 High Income ETF has a 12-month low of $47.77 and a 12-month high of $54.47. The company has a market capitalization of $4.42 billion, a P/E ratio of 25.58 and a beta of 0.71.
About NEOS S&P 500 High Income ETF
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.
Further Reading
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Want to see what other hedge funds are holding SPYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report).
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