Gradient Investments LLC bought a new stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,095,332 shares of the company’s stock, valued at approximately $58,239,000. NEOS S&P 500 High Income ETF comprises approximately 0.8% of Gradient Investments LLC’s holdings, making the stock its 28th largest position. Gradient Investments LLC owned about 1.33% of NEOS S&P 500 High Income ETF at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in SPYI. Alkeme Wealth LLC purchased a new stake in NEOS S&P 500 High Income ETF in the 3rd quarter worth $1,988,000. Ameritas Advisory Services LLC grew its holdings in NEOS S&P 500 High Income ETF by 157.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 162,264 shares of the company’s stock valued at $8,615,000 after buying an additional 99,146 shares in the last quarter. Capital & Planning LLC grew its holdings in NEOS S&P 500 High Income ETF by 131.2% during the 2nd quarter. Capital & Planning LLC now owns 70,710 shares of the company’s stock valued at $3,754,000 after buying an additional 40,130 shares in the last quarter. Studio Investment Management LLC purchased a new position in shares of NEOS S&P 500 High Income ETF in the second quarter worth $1,544,000. Finally, Private Advisor Group LLC lifted its holdings in shares of NEOS S&P 500 High Income ETF by 10.0% in the first quarter. Private Advisor Group LLC now owns 600,133 shares of the company’s stock worth $29,629,000 after buying an additional 54,392 shares in the last quarter.
NEOS S&P 500 High Income ETF Trading Down 0.6%
Shares of BATS:SPYI traded down $0.34 during midday trading on Thursday, reaching $53.67. 1,361,386 shares of the company were exchanged, compared to its average volume of 3,515,875. The stock has a market cap of $4.43 billion, a PE ratio of 25.58 and a beta of 0.71. The business’s fifty day moving average is $53.62 and its two-hundred day moving average is $52.82. NEOS S&P 500 High Income ETF has a one year low of $47.77 and a one year high of $54.47.
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.
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