Avantax Advisory Services Inc. boosted its position in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 39.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,376 shares of the company’s stock after acquiring an additional 14,277 shares during the quarter. Avantax Advisory Services Inc. owned 0.06% of NEOS S&P 500 High Income ETF worth $2,535,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in SPYI. Vision Financial Markets LLC bought a new position in shares of NEOS S&P 500 High Income ETF in the 1st quarter valued at $41,000. Tompkins Financial Corp acquired a new position in shares of NEOS S&P 500 High Income ETF during the 2nd quarter worth $53,000. Parallel Advisors LLC bought a new stake in shares of NEOS S&P 500 High Income ETF during the 2nd quarter worth $77,000. NewEdge Advisors LLC lifted its position in shares of NEOS S&P 500 High Income ETF by 215.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,048 shares of the company’s stock worth $98,000 after buying an additional 1,398 shares during the last quarter. Finally, UMB Bank n.a. acquired a new stake in NEOS S&P 500 High Income ETF in the second quarter valued at about $101,000.
NEOS S&P 500 High Income ETF Stock Up 0.5%
NEOS S&P 500 High Income ETF stock opened at $50.92 on Friday. The stock has a market cap of $4.21 billion, a PE ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 12-month low of $41.60 and a 12-month high of $52.78. The business’s 50-day moving average price is $52.34 and its two-hundred day moving average price is $51.03.
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.
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