Merit Financial Group LLC Purchases Shares of 409,522 NEOS S&P 500 High Income ETF $SPYI

Merit Financial Group LLC purchased a new stake in NEOS S&P 500 High Income ETF (BATS:SPYI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 409,522 shares of the company’s stock, valued at approximately $21,418,000. Merit Financial Group LLC owned 0.50% of NEOS S&P 500 High Income ETF at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Gradient Investments LLC boosted its holdings in NEOS S&P 500 High Income ETF by 5.0% in the third quarter. Gradient Investments LLC now owns 1,752,971 shares of the company’s stock valued at $91,680,000 after acquiring an additional 83,988 shares during the last quarter. Second Half Financial Partners LLC increased its position in shares of NEOS S&P 500 High Income ETF by 0.6% during the second quarter. Second Half Financial Partners LLC now owns 409,806 shares of the company’s stock worth $20,621,000 after buying an additional 2,391 shares during the period. MML Investors Services LLC lifted its holdings in NEOS S&P 500 High Income ETF by 11.6% in the second quarter. MML Investors Services LLC now owns 230,323 shares of the company’s stock valued at $11,590,000 after buying an additional 23,866 shares during the period. International Assets Investment Management LLC lifted its holdings in NEOS S&P 500 High Income ETF by 5.9% in the second quarter. International Assets Investment Management LLC now owns 164,380 shares of the company’s stock valued at $8,272,000 after buying an additional 9,114 shares during the period. Finally, Ausdal Financial Partners Inc. grew its holdings in NEOS S&P 500 High Income ETF by 41.3% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 147,662 shares of the company’s stock worth $7,430,000 after acquiring an additional 43,180 shares during the period.

NEOS S&P 500 High Income ETF Trading Up 4.3%

SPYI stock opened at $52.81 on Wednesday. The firm has a market cap of $4.36 billion, a PE ratio of 25.58 and a beta of 0.71. The stock has a 50-day moving average price of $52.55 and a 200-day moving average price of $51.78. NEOS S&P 500 High Income ETF has a 1-year low of $41.60 and a 1-year high of $52.78.

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.