Foguth Wealth Management LLC. lifted its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 927.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,214,307 shares of the company’s stock after buying an additional 1,096,123 shares during the quarter. NEOS S&P 500 High Income ETF makes up 8.1% of Foguth Wealth Management LLC.’s portfolio, making the stock its biggest position. Foguth Wealth Management LLC.’s holdings in NEOS S&P 500 High Income ETF were worth $65,439,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. United Community Bank bought a new stake in shares of NEOS S&P 500 High Income ETF during the 4th quarter valued at about $26,000. HFM Investment Advisors LLC acquired a new stake in NEOS S&P 500 High Income ETF during the fourth quarter worth about $27,000. Root Financial Partners LLC lifted its holdings in NEOS S&P 500 High Income ETF by 79.2% in the first quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 255 shares during the last quarter. Optima Capital LLC bought a new position in NEOS S&P 500 High Income ETF in the fourth quarter worth about $37,000. Finally, Advocate Investing Services LLC bought a new position in NEOS S&P 500 High Income ETF in the first quarter worth about $39,000.
NEOS S&P 500 High Income ETF Stock Up 0.6%
Shares of SPYI stock opened at $52.86 on Friday. The company has a market cap of $4.37 billion, a P/E ratio of 25.58 and a beta of 0.71. The business has a 50 day moving average of $53.06 and a two-hundred day moving average of $52.31. NEOS S&P 500 High Income ETF has a 52 week low of $47.77 and a 52 week high of $54.11.
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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