Independent Advisor Alliance purchased a new stake in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 58,741 shares of the company’s stock, valued at approximately $2,985,000.
Other institutional investors have also added to or reduced their stakes in the company. Anfield Capital Management LLC bought a new stake in NEOS S&P 500 High Income ETF in the 4th quarter valued at $55,000. Montag A & Associates Inc. boosted its stake in NEOS S&P 500 High Income ETF by 27.8% in the 4th quarter. Montag A & Associates Inc. now owns 1,194 shares of the company’s stock valued at $61,000 after purchasing an additional 260 shares during the period. Continuum Advisory LLC boosted its stake in NEOS S&P 500 High Income ETF by 503.2% in the 3rd quarter. Continuum Advisory LLC now owns 2,419 shares of the company’s stock valued at $127,000 after purchasing an additional 2,018 shares during the period. Private Trust Co. NA bought a new stake in NEOS S&P 500 High Income ETF in the 4th quarter valued at $152,000. Finally, MCF Advisors LLC boosted its stake in NEOS S&P 500 High Income ETF by 2,548.3% in the 4th quarter. MCF Advisors LLC now owns 3,072 shares of the company’s stock valued at $156,000 after purchasing an additional 2,956 shares during the period.
NEOS S&P 500 High Income ETF Trading Down 4.8 %
BATS:SPYI opened at $48.24 on Thursday. The firm’s fifty day moving average is $51.13 and its two-hundred day moving average is $51.36. The company has a market cap of $2.99 billion, a P/E ratio of 24.72 and a beta of 0.69.
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.
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