IFP Advisors Inc Has $975,000 Stake in NEOS S&P 500 High Income ETF (BATS:SPYI)

IFP Advisors Inc raised its position in NEOS S&P 500 High Income ETF (BATS:SPYI) by 373.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,192 shares of the company’s stock after acquiring an additional 15,140 shares during the quarter. IFP Advisors Inc owned approximately 0.08% of NEOS S&P 500 High Income ETF worth $975,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Montag A & Associates Inc. increased its holdings in shares of NEOS S&P 500 High Income ETF by 27.8% during the 4th quarter. Montag A & Associates Inc. now owns 1,194 shares of the company’s stock worth $61,000 after acquiring an additional 260 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of NEOS S&P 500 High Income ETF by 176.9% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,800 shares of the company’s stock valued at $92,000 after purchasing an additional 1,150 shares during the last quarter. Continuum Advisory LLC raised its position in shares of NEOS S&P 500 High Income ETF by 503.2% in the third quarter. Continuum Advisory LLC now owns 2,419 shares of the company’s stock valued at $127,000 after purchasing an additional 2,018 shares during the period. MCF Advisors LLC lifted its stake in shares of NEOS S&P 500 High Income ETF by 2,548.3% during the 4th quarter. MCF Advisors LLC now owns 3,072 shares of the company’s stock worth $156,000 after buying an additional 2,956 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of NEOS S&P 500 High Income ETF during the 4th quarter worth about $160,000.

NEOS S&P 500 High Income ETF Stock Performance

Shares of SPYI opened at $49.95 on Friday. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 26.80 and a beta of 0.70. The firm has a 50 day moving average of $51.52 and a 200-day moving average of $51.41.

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.