NEOS S&P 500 High Income ETF $SPYI Stock Position Raised by Bay Capital Advisors LLC

Bay Capital Advisors LLC raised its position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 63.2% in the third quarter, HoldingsChannel reports. The fund owned 29,532 shares of the company’s stock after acquiring an additional 11,436 shares during the period. NEOS S&P 500 High Income ETF accounts for approximately 0.8% of Bay Capital Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Bay Capital Advisors LLC’s holdings in NEOS S&P 500 High Income ETF were worth $1,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SPYI. Foguth Wealth Management LLC. increased its stake in shares of NEOS S&P 500 High Income ETF by 927.5% during the first quarter. Foguth Wealth Management LLC. now owns 1,214,307 shares of the company’s stock worth $65,439,000 after purchasing an additional 1,096,123 shares during the period. Gradient Investments LLC acquired a new stake in NEOS S&P 500 High Income ETF during the 3rd quarter worth approximately $58,239,000. Howard Capital Management LLC boosted its stake in NEOS S&P 500 High Income ETF by 7.5% in the 3rd quarter. Howard Capital Management LLC now owns 1,073,896 shares of the company’s stock valued at $57,099,000 after purchasing an additional 75,281 shares during the period. Royal Bank of Canada boosted its stake in NEOS S&P 500 High Income ETF by 14.5% in the 1st quarter. Royal Bank of Canada now owns 1,061,491 shares of the company’s stock valued at $52,406,000 after purchasing an additional 134,250 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in NEOS S&P 500 High Income ETF by 62.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 709,315 shares of the company’s stock valued at $37,658,000 after purchasing an additional 273,777 shares during the period.

NEOS S&P 500 High Income ETF Price Performance

Shares of BATS SPYI opened at $53.35 on Friday. The stock’s fifty day moving average price is $53.66 and its two-hundred day moving average price is $53.02. NEOS S&P 500 High Income ETF has a one year low of $47.77 and a one year high of $54.47. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71.

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.