NEOS S&P 500 High Income ETF (BATS:SPYI – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $54.11 and last traded at $54.10, with a volume of 3078113 shares changing hands. The stock had previously closed at $53.46.
NEOS S&P 500 High Income ETF Price Performance
The firm has a market capitalization of $4.46 billion, a PE ratio of 25.58 and a beta of 0.71. The firm has a 50-day simple moving average of $53.06 and a 200-day simple moving average of $52.31.
Institutional Trading of NEOS S&P 500 High Income ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacific Point Advisors LLC purchased a new position in NEOS S&P 500 High Income ETF during the fourth quarter valued at $1,158,000. CCG Wealth Management LLC purchased a new stake in NEOS S&P 500 High Income ETF in the 4th quarter worth $778,000. Capital Investment Advisory Services LLC lifted its stake in NEOS S&P 500 High Income ETF by 53.7% in the 4th quarter. Capital Investment Advisory Services LLC now owns 154,527 shares of the company’s stock worth $8,117,000 after purchasing an additional 54,021 shares in the last quarter. BCS Wealth Management boosted its holdings in shares of NEOS S&P 500 High Income ETF by 157.0% during the 4th quarter. BCS Wealth Management now owns 20,030 shares of the company’s stock valued at $1,052,000 after purchasing an additional 12,237 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in shares of NEOS S&P 500 High Income ETF by 135.5% during the 4th quarter. Apollon Wealth Management LLC now owns 114,601 shares of the company’s stock valued at $6,020,000 after purchasing an additional 65,935 shares during the last quarter.
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. SPYI was launched on Aug 30, 2022 and is managed by Neos.
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