Brown Advisory Inc. Increases Stake in NEOS S&P 500 High Income ETF (BATS:SPYI)

Brown Advisory Inc. raised its position in NEOS S&P 500 High Income ETF (BATS:SPYI) by 16.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,748 shares of the company’s stock after purchasing an additional 1,370 shares during the period. Brown Advisory Inc.’s holdings in NEOS S&P 500 High Income ETF were worth $467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in shares of NEOS S&P 500 High Income ETF by 47.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,876 shares of the company’s stock worth $299,000 after acquiring an additional 1,895 shares during the period. HighTower Advisors LLC raised its holdings in shares of NEOS S&P 500 High Income ETF by 63.7% during the 4th quarter. HighTower Advisors LLC now owns 34,996 shares of the company’s stock worth $1,778,000 after acquiring an additional 13,614 shares during the period. Avantax Advisory Services Inc. raised its holdings in shares of NEOS S&P 500 High Income ETF by 152.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 20,232 shares of the company’s stock worth $1,028,000 after acquiring an additional 12,233 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of NEOS S&P 500 High Income ETF by 32.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 66,721 shares of the company’s stock worth $3,391,000 after acquiring an additional 16,229 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of NEOS S&P 500 High Income ETF during the 4th quarter worth $322,000.

NEOS S&P 500 High Income ETF Stock Up 0.1%

BATS SPYI opened at $50.73 on Wednesday. NEOS S&P 500 High Income ETF has a 52 week low of $41.60 and a 52 week high of $52.78. The business’s fifty day simple moving average is $49.63 and its 200-day simple moving average is $49.40. The firm has a market cap of $4.19 billion, a PE ratio of 25.58 and a beta of 0.71.

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.