NEOS S&P 500 High Income ETF (BATS:SPYI – Get Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as $53.40 and last traded at $53.39, with a volume of 822428 shares changing hands. The stock had previously closed at $53.13.
NEOS S&P 500 High Income ETF Trading Up 0.5%
The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. The stock’s 50 day moving average is $51.16 and its 200 day moving average is $52.08.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of NEOS S&P 500 High Income ETF by 17.5% during the 1st quarter. Royal Bank of Canada now owns 62,184 shares of the company’s stock worth $2,978,000 after purchasing an additional 9,262 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of NEOS S&P 500 High Income ETF by 215.1% in the first quarter. NewEdge Advisors LLC now owns 2,048 shares of the company’s stock valued at $98,000 after buying an additional 1,398 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF in the second quarter valued at approximately $91,000. Baird Financial Group Inc. acquired a new stake in shares of NEOS S&P 500 High Income ETF in the second quarter valued at approximately $704,000. Finally, Jump Financial LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF in the second quarter valued at approximately $1,132,000.
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.
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