LPL Financial LLC grew its stake in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 36.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,139,873 shares of the company’s stock after acquiring an additional 839,220 shares during the period. LPL Financial LLC owned 3.80% of NEOS S&P 500 High Income ETF worth $164,938,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in SPYI. Royal Bank of Canada grew its stake in NEOS S&P 500 High Income ETF by 17.5% in the 1st quarter. Royal Bank of Canada now owns 62,184 shares of the company’s stock worth $2,978,000 after acquiring an additional 9,262 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of NEOS S&P 500 High Income ETF by 215.1% during the first quarter. NewEdge Advisors LLC now owns 2,048 shares of the company’s stock valued at $98,000 after purchasing an additional 1,398 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the second quarter valued at approximately $91,000. Baird Financial Group Inc. bought a new position in shares of NEOS S&P 500 High Income ETF during the second quarter valued at approximately $704,000. Finally, Jump Financial LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the second quarter valued at approximately $1,132,000.
NEOS S&P 500 High Income ETF Stock Performance
BATS SPYI opened at $52.00 on Thursday. The firm’s 50 day moving average price is $52.47 and its 200-day moving average price is $52.26. NEOS S&P 500 High Income ETF has a 52-week low of $47.77 and a 52-week high of $54.11. The company has a market cap of $4.29 billion, a PE 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.
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