NEOS S&P 500 High Income ETF (BATS:SPYI) Hits New 52-Week High – Here’s Why

NEOS S&P 500 High Income ETF (BATS:SPYIGet Free Report) hit a new 52-week high on Thursday . The company traded as high as $53.71 and last traded at $53.65, with a volume of 2009816 shares. The stock had previously closed at $53.46.

NEOS S&P 500 High Income ETF Price Performance

The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. The business’s fifty day simple moving average is $51.33 and its 200 day simple moving average is $52.13.

Institutional Investors Weigh In On NEOS S&P 500 High Income ETF

Large investors have recently bought and sold shares of the stock. United Community Bank acquired a new stake in NEOS S&P 500 High Income ETF in the fourth quarter worth $26,000. HFM Investment Advisors LLC acquired a new stake in NEOS S&P 500 High Income ETF in the fourth quarter worth $27,000. Cloud Capital Management LLC acquired a new stake in NEOS S&P 500 High Income ETF in the third quarter worth $27,000. Root Financial Partners LLC grew its holdings in NEOS S&P 500 High Income ETF by 79.2% in the first quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 255 shares during the period. Finally, Optima Capital LLC acquired a new stake in NEOS S&P 500 High Income ETF in the fourth quarter worth $37,000.

About NEOS S&P 500 High Income ETF

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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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