Kestra Advisory Services LLC raised its stake in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 41.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 394,507 shares of the company’s stock after purchasing an additional 114,706 shares during the quarter. Kestra Advisory Services LLC’s holdings in NEOS S&P 500 High Income ETF were worth $20,976,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SPYI. Roble Belko & Company Inc raised its position in shares of NEOS S&P 500 High Income ETF by 50.8% during the 2nd quarter. Roble Belko & Company Inc now owns 594 shares of the company’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. Accel Wealth Management grew its position in NEOS S&P 500 High Income ETF by 2.0% in the third quarter. Accel Wealth Management now owns 10,984 shares of the company’s stock worth $584,000 after acquiring an additional 215 shares in the last quarter. Copley Financial Group Inc. increased its stake in NEOS S&P 500 High Income ETF by 3.1% in the second quarter. Copley Financial Group Inc. now owns 8,586 shares of the company’s stock valued at $456,000 after acquiring an additional 258 shares during the last quarter. Independent Wealth Network Inc. increased its stake in NEOS S&P 500 High Income ETF by 6.6% in the third quarter. Independent Wealth Network Inc. now owns 4,711 shares of the company’s stock valued at $250,000 after acquiring an additional 291 shares during the last quarter. Finally, Compass Financial Management LLC increased its stake in NEOS S&P 500 High Income ETF by 1.9% in the third quarter. Compass Financial Management LLC now owns 19,819 shares of the company’s stock valued at $1,054,000 after acquiring an additional 366 shares during the last quarter.
NEOS S&P 500 High Income ETF Stock Up 0.3%
BATS SPYI opened at $51.29 on Friday. The stock’s 50-day simple moving average is $53.32 and its two-hundred day simple moving average is $52.69. NEOS S&P 500 High Income ETF has a twelve month low of $47.77 and a twelve month high of $54.47. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71.
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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