Bauman Advisory Group LLC Invests $796,000 in NEOS S&P 500 High Income ETF $SPYI

Bauman Advisory Group LLC acquired a new position in NEOS S&P 500 High Income ETF (BATS:SPYI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,144 shares of the company’s stock, valued at approximately $796,000. NEOS S&P 500 High Income ETF makes up 0.6% of Bauman Advisory Group LLC’s investment portfolio, making the stock its 28th largest position.

A number of other institutional investors also recently bought and sold shares of the stock. LPL Financial LLC increased its position in NEOS S&P 500 High Income ETF by 36.5% in the fourth quarter. LPL Financial LLC now owns 3,139,873 shares of the company’s stock worth $164,938,000 after buying an additional 839,220 shares in the last quarter. UBS Group AG lifted its position in shares of NEOS S&P 500 High Income ETF by 77.9% during the 4th quarter. UBS Group AG now owns 1,054,374 shares of the company’s stock valued at $55,386,000 after buying an additional 461,724 shares in the last quarter. Royal Bank of Canada grew its stake in shares of NEOS S&P 500 High Income ETF by 80.6% during the 4th quarter. Royal Bank of Canada now owns 927,241 shares of the company’s stock valued at $48,707,000 after acquiring an additional 413,801 shares during the period. Aventura Private Wealth LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the 4th quarter valued at approximately $12,635,000. Finally, SageGuard Financial Group LLC purchased a new stake in NEOS S&P 500 High Income ETF in the 4th quarter worth approximately $8,117,000.

NEOS S&P 500 High Income ETF Trading Up 1.0%

BATS SPYI opened at $53.05 on Friday. NEOS S&P 500 High Income ETF has a 12 month low of $47.77 and a 12 month high of $54.11. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. The company’s 50 day moving average is $52.87 and its two-hundred day moving average is $52.29.

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.