Cascade Wealth Advisors Inc increased its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 3.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 340,419 shares of the company’s stock after purchasing an additional 10,468 shares during the period. NEOS S&P 500 High Income ETF makes up approximately 7.3% of Cascade Wealth Advisors Inc’s investment portfolio, making the stock its 2nd largest position. Cascade Wealth Advisors Inc’s holdings in NEOS S&P 500 High Income ETF were worth $18,182,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in NEOS S&P 500 High Income ETF by 43.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,174 shares of the company’s stock valued at $157,000 after purchasing an additional 959 shares during the period. Parallel Advisors LLC lifted its stake in NEOS S&P 500 High Income ETF by 42.4% during the first quarter. Parallel Advisors LLC now owns 2,810 shares of the company’s stock worth $139,000 after purchasing an additional 836 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. lifted its stake in NEOS S&P 500 High Income ETF by 102.7% during the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 172,485 shares of the company’s stock worth $8,516,000 after purchasing an additional 87,402 shares in the last quarter. World Equity Group Inc. boosted its position in shares of NEOS S&P 500 High Income ETF by 8.4% during the first quarter. World Equity Group Inc. now owns 15,792 shares of the company’s stock worth $780,000 after buying an additional 1,220 shares during the period. Finally, Centennial Bank AR boosted its position in shares of NEOS S&P 500 High Income ETF by 151.7% during the first quarter. Centennial Bank AR now owns 89,470 shares of the company’s stock worth $4,417,000 after buying an additional 53,921 shares during the period.
NEOS S&P 500 High Income ETF Trading Up 0.8%
Shares of BATS SPYI opened at $53.43 on Wednesday. NEOS S&P 500 High Income ETF has a twelve month low of $47.77 and a twelve month high of $54.11. The stock has a fifty day simple moving average of $53.23 and a 200-day simple moving average of $52.34. The stock has a market capitalization of $4.41 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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