Investment Partners Asset Management Inc. bought a new stake in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 70,535 shares of the company’s stock, valued at approximately $3,705,000. NEOS S&P 500 High Income ETF accounts for 2.3% of Investment Partners Asset Management Inc.’s investment portfolio, making the stock its 7th biggest holding.
Several other large investors have also modified their holdings of SPYI. Royal Bank of Canada grew its position in 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 buying 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% in the 1st quarter. NewEdge Advisors LLC now owns 2,048 shares of the company’s stock valued at $98,000 after buying an additional 1,398 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in NEOS S&P 500 High Income ETF by 291.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 42,648 shares of the company’s stock worth $2,146,000 after buying an additional 31,749 shares during the last quarter. Lido Advisors LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF in the 2nd quarter worth $227,000. Finally, VestGen Advisors LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF in the 2nd quarter worth $341,000.
NEOS S&P 500 High Income ETF Stock Up 2.9%
Shares of BATS:SPYI opened at $49.37 on Wednesday. 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’s 50-day simple moving average is $51.56 and its 200-day simple moving average is $52.19. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71.
NEOS S&P 500 High Income ETF 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.
See Also
Want to see what other hedge funds are holding SPYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report).
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