FNY Investment Advisers LLC Makes New $1.96 Million Investment in NEOS S&P 500 High Income ETF $SPYI

FNY Investment Advisers LLC purchased a new position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) during the second quarter, Holdings Channel reports. The institutional investor purchased 37,000 shares of the company’s stock, valued at approximately $1,964,000. NEOS S&P 500 High Income ETF makes up approximately 0.7% of FNY Investment Advisers LLC’s portfolio, making the stock its 26th biggest position.

Several other institutional investors have also recently made changes to their positions in SPYI. Foguth Wealth Management LLC. raised its holdings in shares of NEOS S&P 500 High Income ETF by 927.5% in the first quarter. Foguth Wealth Management LLC. now owns 1,214,307 shares of the company’s stock valued at $65,439,000 after acquiring an additional 1,096,123 shares in the last quarter. LPL Financial LLC grew its holdings in NEOS S&P 500 High Income ETF by 36.5% during the 4th 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 in the last quarter. UBS Group AG increased its position in 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 purchasing an additional 461,724 shares during the period. Royal Bank of Canada increased its position in 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 purchasing an additional 413,801 shares during the period. Finally, Independent Financial Group LLC purchased a new position in NEOS S&P 500 High Income ETF during the 1st quarter valued at about $8,039,000.

NEOS S&P 500 High Income ETF Stock Performance

BATS:SPYI opened at $53.97 on Friday. The firm has a 50-day simple moving average of $53.08 and a 200-day simple moving average of $52.33. NEOS S&P 500 High Income ETF has a one year low of $47.77 and a one year high of $54.25. The firm has a market cap of $4.46 billion, a P/E ratio of 25.58 and a beta of 0.71.

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.