Northeast Financial Group Inc. purchased a new position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 118,594 shares of the company’s stock, valued at approximately $5,856,000. NEOS S&P 500 High Income ETF comprises approximately 1.4% of Northeast Financial Group Inc.’s portfolio, making the stock its 24th largest position.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. United Community Bank acquired a new position in NEOS S&P 500 High Income ETF in the fourth quarter worth $26,000. HFM Investment Advisors LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at $27,000. Root Financial Partners LLC increased its stake in shares of NEOS S&P 500 High Income ETF by 79.2% in the first quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 255 shares in the last quarter. Optima Capital LLC bought a new position in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at about $37,000. Finally, Wells Fargo & Company MN raised its holdings in shares of NEOS S&P 500 High Income ETF by 503.0% in the fourth quarter. Wells Fargo & Company MN now owns 796 shares of the company’s stock valued at $42,000 after buying an additional 664 shares during the last quarter.
NEOS S&P 500 High Income ETF Price Performance
Shares of BATS SPYI opened at $52.30 on Monday. NEOS S&P 500 High Income ETF has a 12-month low of $47.77 and a 12-month high of $54.11. The firm’s 50-day simple moving average is $53.15 and its 200 day simple moving average is $52.33. The company has a market cap of $4.32 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.
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