Merit Financial Group LLC Increases Stock Position in NEOS S&P 500 High Income ETF $SPYI

Merit Financial Group LLC raised its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 425,441 shares of the company’s stock after acquiring an additional 15,919 shares during the period. Merit Financial Group LLC owned approximately 0.52% of NEOS S&P 500 High Income ETF worth $22,348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPYI. Howard Capital Management Inc. purchased a new position in shares of NEOS S&P 500 High Income ETF during the 3rd quarter worth approximately $21,542,000. Envestnet Asset Management Inc. raised its position in NEOS S&P 500 High Income ETF by 310.4% in the third quarter. Envestnet Asset Management Inc. now owns 352,525 shares of the company’s stock valued at $18,437,000 after purchasing an additional 266,635 shares during the period. Aventura Private Wealth LLC acquired a new position in NEOS S&P 500 High Income ETF during the fourth quarter worth $12,635,000. MADDEN SECURITIES Corp lifted its stake in NEOS S&P 500 High Income ETF by 204.1% during the third quarter. MADDEN SECURITIES Corp now owns 352,855 shares of the company’s stock worth $18,454,000 after purchasing an additional 236,835 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of NEOS S&P 500 High Income ETF by 32.2% during the third quarter. UBS Group AG now owns 592,650 shares of the company’s stock worth $30,996,000 after buying an additional 144,511 shares during the period.

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

Shares of BATS SPYI opened at $52.20 on Friday. NEOS S&P 500 High Income ETF has a twelve month low of $43.91 and a twelve month high of $53.38. The stock has a fifty day simple moving average of $51.13 and a 200-day simple moving average of $52.07. The stock has a market capitalization of $4.31 billion, a PE ratio of 25.58 and a beta of 0.71.

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.