Range Advisory LLC Has $3.45 Million Stock Position in NEOS S&P 500 High Income ETF $SPYI

Range Advisory LLC increased its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 19.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,020 shares of the company’s stock after buying an additional 10,599 shares during the quarter. Range Advisory LLC owned approximately 0.08% of NEOS S&P 500 High Income ETF worth $3,452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPYI. Royal Bank of Canada increased its holdings in NEOS S&P 500 High Income ETF by 17.5% during the first quarter. Royal Bank of Canada now owns 62,184 shares of the company’s stock worth $2,978,000 after buying an additional 9,262 shares during the last quarter. NewEdge Advisors LLC lifted its stake in NEOS S&P 500 High Income ETF by 215.1% in the first quarter. NewEdge Advisors LLC now owns 2,048 shares of the company’s stock valued at $98,000 after acquiring an additional 1,398 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of NEOS S&P 500 High Income ETF in the 2nd quarter valued at about $91,000. Baird Financial Group Inc. bought a new position in shares of NEOS S&P 500 High Income ETF in the 2nd quarter valued at about $704,000. Finally, Jump Financial LLC acquired a new position in shares of NEOS S&P 500 High Income ETF during the 2nd quarter worth about $1,132,000.

NEOS S&P 500 High Income ETF Stock Performance

Shares of SPYI stock opened at $53.86 on Tuesday. NEOS S&P 500 High Income ETF has a 52-week low of $47.77 and a 52-week high of $54.47. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. The firm’s 50-day moving average is $53.44 and its 200-day moving average is $52.53.

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.