NEOS S&P 500 High Income ETF $SPYI Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 10.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,158 shares of the company’s stock after selling 13,731 shares during the period. Park Avenue Securities LLC owned about 0.14% of NEOS S&P 500 High Income ETF worth $5,963,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Foguth Wealth Management LLC. lifted its holdings in NEOS S&P 500 High Income ETF by 927.5% during the 1st quarter. Foguth Wealth Management LLC. now owns 1,214,307 shares of the company’s stock valued at $65,439,000 after buying an additional 1,096,123 shares in the last quarter. Gradient Investments LLC bought a new position in NEOS S&P 500 High Income ETF in the 3rd quarter worth about $58,239,000. Howard Capital Management LLC grew 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 worth $57,099,000 after acquiring an additional 75,281 shares in the last quarter. Royal Bank of Canada increased its position in shares of NEOS S&P 500 High Income ETF by 14.5% during the first quarter. Royal Bank of Canada now owns 1,061,491 shares of the company’s stock worth $52,406,000 after acquiring an additional 134,250 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of NEOS S&P 500 High Income ETF by 62.9% during the second quarter. Envestnet Asset Management Inc. now owns 709,315 shares of the company’s stock worth $37,658,000 after acquiring an additional 273,777 shares during the period.

NEOS S&P 500 High Income ETF Stock Performance

NEOS S&P 500 High Income ETF stock opened at $53.39 on Thursday. The company has a 50 day moving average price of $53.50 and a 200-day moving average price of $52.72. NEOS S&P 500 High Income ETF has a fifty-two week low of $47.77 and a fifty-two week high of $54.47. The company has a market capitalization of $4.41 billion, a PE 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.