NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Reaches New 1-Year High – Should You Buy?

NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI)’s share price hit a new 52-week high during trading on Saturday . The company traded as high as $51.29 and last traded at $51.14, with a volume of 363165 shares traded. The stock had previously closed at $51.11.

NEOS Russell 2000 High Income ETF Price Performance

The stock has a market cap of $503.22 million, a PE ratio of 16.33 and a beta of 1.14. The business has a 50 day moving average price of $49.27 and a two-hundred day moving average price of $48.24.

Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF

A number of large investors have recently added to or reduced their stakes in the company. PVG Asset Management Corp purchased a new position in shares of NEOS Russell 2000 High Income ETF in the second quarter valued at about $228,000. Private Trust Co. NA boosted its holdings in shares of NEOS Russell 2000 High Income ETF by 330.0% during the third quarter. Private Trust Co. NA now owns 4,300 shares of the company’s stock worth $209,000 after purchasing an additional 3,300 shares during the period. CoreCap Advisors LLC grew its stake in shares of NEOS Russell 2000 High Income ETF by 250.7% in the third quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock worth $51,000 after purchasing an additional 752 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in NEOS Russell 2000 High Income ETF during the 3rd quarter valued at about $307,000.

About NEOS Russell 2000 High Income ETF

The NEOS Russell 2000 High Income ETF (IWMI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund-of-fund that seeks to generate income by investing in constituents of the Russell 2000 Index while also employing a call option strategy. IWMI was launched on Jun 25, 2024 and is issued by Neos.