Brown Financial Advisors Has $10.07 Million Stock Position in NEOS S&P 500 High Income ETF (BATS:SPYI)

Brown Financial Advisors boosted its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI) by 20.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 198,198 shares of the company’s stock after acquiring an additional 33,750 shares during the quarter. NEOS S&P 500 High Income ETF accounts for about 4.0% of Brown Financial Advisors’ investment portfolio, making the stock its 2nd largest position. Brown Financial Advisors owned 0.79% of NEOS S&P 500 High Income ETF worth $10,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SPYI. Private Advisor Group LLC lifted its holdings in shares of NEOS S&P 500 High Income ETF by 397.8% during the 4th quarter. Private Advisor Group LLC now owns 664,748 shares of the company’s stock worth $33,783,000 after acquiring an additional 531,207 shares during the last quarter. Gradient Investments LLC lifted its stake in NEOS S&P 500 High Income ETF by 24.4% during the fourth quarter. Gradient Investments LLC now owns 2,205,348 shares of the company’s stock worth $112,076,000 after purchasing an additional 432,976 shares during the last quarter. Crescent Grove Advisors LLC lifted its stake in NEOS S&P 500 High Income ETF by 339.0% during the fourth quarter. Crescent Grove Advisors LLC now owns 125,059 shares of the company’s stock worth $6,355,000 after purchasing an additional 96,574 shares during the last quarter. MML Investors Services LLC increased its position in shares of NEOS S&P 500 High Income ETF by 50.6% during the 3rd quarter. MML Investors Services LLC now owns 154,762 shares of the company’s stock valued at $7,928,000 after purchasing an additional 51,981 shares during the last quarter. Finally, Palacios Wealth Management LLC purchased a new position in shares of NEOS S&P 500 High Income ETF during the 4th quarter valued at about $2,659,000.

NEOS S&P 500 High Income ETF Stock Up 1.5 %

BATS:SPYI opened at $51.41 on Tuesday. The company has a market cap of $3.08 billion, a P/E ratio of 26.80 and a beta of 0.70. The stock has a fifty day moving average price of $51.58 and a 200 day moving average price of $51.40.

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.