SageGuard Financial Group LLC acquired a new stake in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 154,528 shares of the company’s stock, valued at approximately $8,117,000. NEOS S&P 500 High Income ETF comprises approximately 1.3% of SageGuard Financial Group LLC’s portfolio, making the stock its 28th biggest position. SageGuard Financial Group LLC owned approximately 0.19% of NEOS S&P 500 High Income ETF as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently bought and sold shares of SPYI. Howard Capital Management Inc. bought a new position in NEOS S&P 500 High Income ETF in the 3rd quarter valued at $21,542,000. Merit Financial Group LLC purchased a new stake in NEOS S&P 500 High Income ETF in the 3rd quarter valued at about $21,418,000. Envestnet Asset Management Inc. grew its stake in NEOS S&P 500 High Income ETF by 310.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 352,525 shares of the company’s stock worth $18,437,000 after acquiring an additional 266,635 shares in the last quarter. Aventura Private Wealth LLC bought a new position in NEOS S&P 500 High Income ETF in the 4th quarter worth about $12,635,000. Finally, MADDEN SECURITIES Corp increased its position in shares of 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 acquiring an additional 236,835 shares during the period.
NEOS S&P 500 High Income ETF Stock Performance
Shares of BATS:SPYI opened at $52.49 on Tuesday. The firm has a market cap of $4.34 billion, a PE ratio of 25.58 and a beta of 0.71. The firm’s 50 day simple moving average is $51.11 and its 200-day simple moving average is $52.07. NEOS S&P 500 High Income ETF has a one year low of $43.91 and a one year high of $53.38.
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.
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