NEOS S&P 500 High Income ETF (BATS:SPYI) Hits New 1-Year High – What’s Next?

NEOS S&P 500 High Income ETF (BATS:SPYI) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $54.11 and last traded at $54.10, with a volume of 3078113 shares traded. The stock had previously closed at $53.46.

NEOS S&P 500 High Income ETF Stock Performance

The company has a market capitalization of $4.46 billion, a PE ratio of 25.58 and a beta of 0.71. The company’s 50-day moving average is $53.06 and its 200 day moving average is $52.31.

Institutional Trading of NEOS S&P 500 High Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. United Community Bank bought a new position in shares of NEOS S&P 500 High Income ETF during the fourth quarter valued at $26,000. HFM Investment Advisors LLC bought a new stake in shares of NEOS S&P 500 High Income ETF in the fourth quarter worth approximately $27,000. Root Financial Partners LLC raised its holdings in shares of NEOS S&P 500 High Income ETF by 79.2% during the first quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 255 shares during the last quarter. Optima Capital LLC bought a new position in NEOS S&P 500 High Income ETF during the fourth quarter valued at approximately $37,000. Finally, Advocate Investing Services LLC purchased a new stake in NEOS S&P 500 High Income ETF in the first quarter worth approximately $39,000.

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.