Mid American Wealth Advisory Group Inc. Makes New Investment in NEOS S&P 500 High Income ETF $SPYI

Mid American Wealth Advisory Group Inc. acquired a new position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 79,478 shares of the company’s stock, valued at approximately $4,219,000. NEOS S&P 500 High Income ETF accounts for approximately 1.5% of Mid American Wealth Advisory Group Inc.’s portfolio, making the stock its 14th biggest position. Mid American Wealth Advisory Group Inc. owned 0.10% of NEOS S&P 500 High Income ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. HFM Investment Advisors LLC acquired a new stake in NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $27,000. Root Financial Partners LLC raised its holdings in shares of NEOS S&P 500 High Income ETF by 79.2% in the 1st quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 255 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF in the 2nd quarter valued at $32,000. Advocate Investing Services LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF during the 1st quarter worth $39,000. Finally, Wells Fargo & Company MN grew its stake in shares of NEOS S&P 500 High Income ETF by 503.0% during the fourth quarter. Wells Fargo & Company MN now owns 796 shares of the company’s stock worth $42,000 after purchasing an additional 664 shares in the last quarter.

NEOS S&P 500 High Income ETF Trading Down 0.2%

Shares of SPYI stock opened at $53.86 on Friday. The company has a market cap of $4.45 billion, a P/E ratio of 25.58 and a beta of 0.71. The firm has a fifty day moving average price of $53.42 and a 200 day moving average price of $52.51. NEOS S&P 500 High Income ETF has a 12 month low of $47.77 and a 12 month high of $54.47.

NEOS S&P 500 High Income ETF 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.