Shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $52.71 and traded as high as $53.13. NEOS S&P 500 High Income ETF shares last traded at $53.01, with a volume of 3,759,369 shares trading hands.
NEOS S&P 500 High Income ETF Stock Up 1.3%
The company has a 50-day moving average price of $53.42 and a 200-day moving average price of $52.71. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71.
Hedge Funds Weigh In On NEOS S&P 500 High Income ETF
Several hedge funds have recently modified their holdings of the company. Lido Advisors LLC lifted its position in shares of NEOS S&P 500 High Income ETF by 36.5% during the 3rd quarter. Lido Advisors LLC now owns 19,213 shares of the company’s stock worth $1,022,000 after buying an additional 5,140 shares during the period. Guardian Financial Partners LLC grew its holdings in shares of NEOS S&P 500 High Income ETF by 1.0% in the 3rd quarter. Guardian Financial Partners LLC now owns 58,606 shares of the company’s stock worth $3,116,000 after purchasing an additional 559 shares during the last quarter. Palacios Wealth Management LLC lifted its holdings in NEOS S&P 500 High Income ETF by 11.8% during the 3rd quarter. Palacios Wealth Management LLC now owns 136,076 shares of the company’s stock valued at $7,235,000 after purchasing an additional 14,373 shares during the last quarter. Almanack Investment Partners LLC. lifted its holdings in NEOS S&P 500 High Income ETF by 25.0% during the 3rd quarter. Almanack Investment Partners LLC. now owns 21,782 shares of the company’s stock valued at $1,158,000 after purchasing an additional 4,363 shares during the last quarter. Finally, Landmark Wealth Management LLC bought a new stake in NEOS S&P 500 High Income ETF during the third quarter worth about $210,000.
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.
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