NEOS S&P 500 High Income ETF (BATS:SPYI) Reaches New 12-Month High – Here’s Why

NEOS S&P 500 High Income ETF (BATS:SPYIGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $53.71 and last traded at $53.65, with a volume of 2009816 shares. The stock had previously closed at $53.46.

NEOS S&P 500 High Income ETF Price Performance

The firm has a market capitalization of $4.43 billion, a P/E ratio of 25.58 and a beta of 0.71. The business’s 50-day moving average is $51.26 and its 200 day moving average is $52.11.

Institutional Investors Weigh In On NEOS S&P 500 High Income ETF

A number of large investors have recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in NEOS S&P 500 High Income ETF by 36.6% during the first quarter. Cetera Investment Advisers now owns 536,814 shares of the company’s stock worth $26,503,000 after buying an additional 143,956 shares in the last quarter. Alpha Financial Partners LLC grew its stake in NEOS S&P 500 High Income ETF by 12.3% during the first quarter. Alpha Financial Partners LLC now owns 27,250 shares of the company’s stock worth $1,345,000 after buying an additional 2,990 shares in the last quarter. Cascade Wealth Advisors Inc grew its stake in NEOS S&P 500 High Income ETF by 3.2% during the first quarter. Cascade Wealth Advisors Inc now owns 340,419 shares of the company’s stock worth $18,182,000 after buying an additional 10,468 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in NEOS S&P 500 High Income ETF by 43.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,174 shares of the company’s stock worth $157,000 after buying an additional 959 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in NEOS S&P 500 High Income ETF by 42.4% during the first quarter. Parallel Advisors LLC now owns 2,810 shares of the company’s stock worth $139,000 after buying an additional 836 shares in the last quarter.

NEOS S&P 500 High Income ETF Company Profile

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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.

Further Reading

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