NEOS S&P 500 High Income ETF $SPYI Shares Sold by Paladin Wealth LLC

Paladin Wealth LLC lowered its position in NEOS S&P 500 High Income ETF (BATS:SPYI) by 31.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 26,983 shares of the company’s stock after selling 12,263 shares during the period. Paladin Wealth LLC’s holdings in NEOS S&P 500 High Income ETF were worth $1,332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC raised its stake in NEOS S&P 500 High Income ETF by 36.5% during the fourth quarter. LPL Financial LLC now owns 3,139,873 shares of the company’s stock worth $164,938,000 after acquiring an additional 839,220 shares during the period. UBS Group AG boosted its stake in NEOS S&P 500 High Income ETF by 77.9% in the fourth quarter. UBS Group AG now owns 1,054,374 shares of the company’s stock valued at $55,386,000 after acquiring an additional 461,724 shares during the period. Royal Bank of Canada boosted its stake in NEOS S&P 500 High Income ETF by 80.6% in the fourth 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 fourth quarter valued at approximately $12,635,000. Finally, SageGuard Financial Group LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the fourth quarter valued at approximately $8,117,000.

NEOS S&P 500 High Income ETF Stock Performance

Shares of BATS SPYI opened at $53.05 on Friday. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. 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’s 50 day simple moving average is $52.92 and its 200 day simple moving average is $52.30.

NEOS S&P 500 High Income ETF Company 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.