Principal Financial Group Inc. Purchases 21,178 Shares of NEOS S&P 500 High Income ETF $SPYI

Principal Financial Group Inc. increased its position in NEOS S&P 500 High Income ETF (BATS:SPYI) by 67.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,563 shares of the company’s stock after buying an additional 21,178 shares during the quarter. Principal Financial Group Inc.’s holdings in NEOS S&P 500 High Income ETF were worth $2,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CAP Partners LLC boosted its position in NEOS S&P 500 High Income ETF by 9.8% during the 1st quarter. CAP Partners LLC now owns 31,080 shares of the company’s stock valued at $1,534,000 after buying an additional 2,786 shares during the period. International Assets Investment Management LLC increased its position in shares of NEOS S&P 500 High Income ETF by 6.1% in the first quarter. International Assets Investment Management LLC now owns 75,145 shares of the company’s stock valued at $3,728,000 after acquiring an additional 4,320 shares during the period. Diversify Wealth Management LLC increased its position in shares of NEOS S&P 500 High Income ETF by 81.9% in the first quarter. Diversify Wealth Management LLC now owns 42,720 shares of the company’s stock valued at $2,227,000 after acquiring an additional 19,233 shares during the period. Kaizen Financial Strategies raised its stake in shares of NEOS S&P 500 High Income ETF by 5.8% during the first quarter. Kaizen Financial Strategies now owns 38,477 shares of the company’s stock valued at $2,008,000 after acquiring an additional 2,093 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of NEOS S&P 500 High Income ETF during the first quarter valued at about $527,000.

NEOS S&P 500 High Income ETF Trading Up 1.6%

NEOS S&P 500 High Income ETF stock opened at $52.52 on Friday. The firm has a market cap of $4.34 billion, a P/E ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 1-year low of $47.77 and a 1-year high of $54.11. The firm has a 50-day moving average of $53.07 and a 200-day moving average of $52.31.

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.