Foundations Investment Advisors LLC Buys 24,040 Shares of NEOS S&P 500 High Income ETF $SPYI

Foundations Investment Advisors LLC increased its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 523.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,634 shares of the company’s stock after acquiring an additional 24,040 shares during the quarter. Foundations Investment Advisors LLC’s holdings in NEOS S&P 500 High Income ETF were worth $1,498,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SPYI. Royal Bank of Canada increased its stake in NEOS S&P 500 High Income ETF by 17.5% in the first quarter. Royal Bank of Canada now owns 62,184 shares of the company’s stock valued at $2,978,000 after purchasing an additional 9,262 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of NEOS S&P 500 High Income ETF by 215.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,048 shares of the company’s stock worth $98,000 after purchasing an additional 1,398 shares in the last quarter. Truist Financial Corp grew its stake in shares of NEOS S&P 500 High Income ETF by 22.7% in the 2nd quarter. Truist Financial Corp now owns 24,377 shares of the company’s stock valued at $1,227,000 after buying an additional 4,508 shares during the period. Triad Wealth Partners LLC bought a new stake in NEOS S&P 500 High Income ETF in the 2nd quarter valued at about $392,000. Finally, Ameritas Advisory Services LLC increased its position in NEOS S&P 500 High Income ETF by 4.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 8,217 shares of the company’s stock valued at $413,000 after buying an additional 362 shares in the last quarter.

NEOS S&P 500 High Income ETF Stock Performance

Shares of BATS:SPYI opened at $52.70 on Friday. The business’s 50 day simple moving average is $52.77 and its two-hundred day simple moving average is $52.18. The firm has a market cap of $4.35 billion, a P/E ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 52-week low of $41.60 and a 52-week high of $52.78.

NEOS S&P 500 High Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Wednesday, January 21st were issued a $0.5309 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date was Wednesday, January 21st.

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.