City State Bank Buys New Position in NEOS S&P 500 High Income ETF (BATS:SPYI)

City State Bank purchased a new position in NEOS S&P 500 High Income ETF (BATS:SPYI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,000 shares of the company’s stock, valued at approximately $48,000.

Several other large investors have also added to or reduced their stakes in SPYI. Janney Montgomery Scott LLC bought a new position in NEOS S&P 500 High Income ETF in the 4th quarter worth $731,000. Stratos Wealth Partners LTD. increased its position in shares of NEOS S&P 500 High Income ETF by 82.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 12,145 shares of the company’s stock valued at $617,000 after buying an additional 5,497 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in NEOS S&P 500 High Income ETF by 40.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,000 shares of the company’s stock worth $714,000 after buying an additional 4,000 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in NEOS S&P 500 High Income ETF in the fourth quarter worth about $1,147,000. Finally, Moloney Securities Asset Management LLC lifted its holdings in NEOS S&P 500 High Income ETF by 52.3% in the fourth quarter. Moloney Securities Asset Management LLC now owns 19,217 shares of the company’s stock worth $977,000 after buying an additional 6,596 shares during the period.

NEOS S&P 500 High Income ETF Stock Performance

SPYI stock opened at $49.68 on Friday. NEOS S&P 500 High Income ETF has a fifty-two week low of $41.60 and a fifty-two week high of $52.78. The business’s 50 day moving average price is $47.38 and its two-hundred day moving average price is $49.79. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 24.91 and a beta of 0.70.

NEOS S&P 500 High Income ETF Company 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.