Fiduciary Alliance LLC Takes Position in NEOS S&P 500 High Income ETF $SPYI

Fiduciary Alliance LLC purchased a new position in NEOS S&P 500 High Income ETF (BATS:SPYI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,357 shares of the company’s stock, valued at approximately $699,000.

Several other hedge funds also recently bought and sold shares of SPYI. HighMark Wealth Management LLC grew its position in shares of NEOS S&P 500 High Income ETF by 4,613.8% during the 2nd quarter. HighMark Wealth Management LLC now owns 4,101 shares of the company’s stock valued at $206,000 after purchasing an additional 4,014 shares in the last quarter. Palacios Wealth Management LLC boosted its stake in NEOS S&P 500 High Income ETF by 12.1% during the second quarter. Palacios Wealth Management LLC now owns 63,960 shares of the company’s stock valued at $3,218,000 after buying an additional 6,900 shares during the period. Allworth Financial LP grew its position in NEOS S&P 500 High Income ETF by 272.1% during the second quarter. Allworth Financial LP now owns 10,872 shares of the company’s stock worth $547,000 after buying an additional 7,950 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in NEOS S&P 500 High Income ETF by 9.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,675 shares of the company’s stock worth $638,000 after acquiring an additional 1,086 shares during the last quarter. Finally, Parallel Advisors LLC bought a new position in NEOS S&P 500 High Income ETF in the 2nd quarter worth about $77,000.

NEOS S&P 500 High Income ETF Trading Up 4.3%

Shares of SPYI opened at $52.82 on Friday. The company has a market cap of $4.36 billion, a PE ratio of 25.58 and a beta of 0.71. The stock has a 50-day moving average price of $52.45 and a 200-day moving average price of $51.59. NEOS S&P 500 High Income ETF has a 12-month low of $41.60 and a 12-month high of $52.78.

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. SPYI was launched on Aug 30, 2022 and is managed by Neos.