SteelPeak Wealth LLC bought a new position in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 127,593 shares of the company’s stock, valued at approximately $6,299,000. SteelPeak Wealth LLC owned about 0.15% of NEOS S&P 500 High Income ETF as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Royal Bank of Canada boosted its position in shares of NEOS S&P 500 High Income ETF by 17.5% during the 1st quarter. Royal Bank of Canada now owns 62,184 shares of the company’s stock valued at $2,978,000 after acquiring an additional 9,262 shares during the last quarter. NewEdge Advisors LLC raised its stake in NEOS S&P 500 High Income ETF by 215.1% in the first quarter. NewEdge Advisors LLC now owns 2,048 shares of the company’s stock valued at $98,000 after purchasing an additional 1,398 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in NEOS S&P 500 High Income ETF in the second quarter valued at approximately $91,000. Baird Financial Group Inc. bought a new stake in NEOS S&P 500 High Income ETF during the second quarter valued at approximately $704,000. Finally, Jump Financial LLC bought a new stake in NEOS S&P 500 High Income ETF during the second quarter valued at approximately $1,132,000.
NEOS S&P 500 High Income ETF Price Performance
SPYI stock opened at $53.53 on Friday. The firm has a 50 day simple moving average of $53.24 and a two-hundred day simple moving average of $52.33. The stock has a market cap of $4.42 billion, a PE ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a one year low of $47.77 and a one year high of $54.11.
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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