Alpha Financial Partners LLC Acquires 18,346 Shares of NEOS S&P 500 High Income ETF $SPYI

Alpha Financial Partners LLC grew its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI) by 181.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 28,447 shares of the company’s stock after acquiring an additional 18,346 shares during the period. NEOS S&P 500 High Income ETF comprises approximately 1.0% of Alpha Financial Partners LLC’s portfolio, making the stock its 20th biggest holding. Alpha Financial Partners LLC’s holdings in NEOS S&P 500 High Income ETF were worth $1,488,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in shares of NEOS S&P 500 High Income ETF by 17.5% in the 1st quarter. Royal Bank of Canada now owns 62,184 shares of the company’s stock valued at $2,978,000 after acquiring an additional 9,262 shares during the last quarter. NewEdge Advisors LLC increased its stake in NEOS S&P 500 High Income ETF by 215.1% during the first quarter. NewEdge Advisors LLC now owns 2,048 shares of the company’s stock worth $98,000 after acquiring an additional 1,398 shares during the last quarter. CWM LLC raised its position in NEOS S&P 500 High Income ETF by 54.2% during the second quarter. CWM LLC now owns 3,871 shares of the company’s stock valued at $195,000 after purchasing an additional 1,361 shares during the period. Brookstone Capital Management lifted its stake in shares of NEOS S&P 500 High Income ETF by 165.3% in the 2nd quarter. Brookstone Capital Management now owns 14,129 shares of the company’s stock valued at $711,000 after purchasing an additional 8,804 shares during the last quarter. Finally, Gill Capital Partners LLC purchased a new position in shares of NEOS S&P 500 High Income ETF in the 2nd quarter worth approximately $218,000.

NEOS S&P 500 High Income ETF Stock Performance

BATS:SPYI opened at $52.00 on Thursday. The stock’s fifty day moving average is $52.73 and its 200 day moving average is $52.31. NEOS S&P 500 High Income ETF has a fifty-two week low of $41.60 and a fifty-two week high of $53.38. The firm has a market capitalization of $4.29 billion, a PE ratio of 25.58 and a beta of 0.71.

NEOS S&P 500 High Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 20th. Stockholders of record on Wednesday, February 18th will be issued a $0.5219 dividend. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date is Wednesday, February 18th.

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.