Avidian Wealth Enterprises LLC Acquires Shares of 14,338 NEOS S&P 500 High Income ETF $SPYI

Avidian Wealth Enterprises LLC bought a new position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,338 shares of the company’s stock, valued at approximately $750,000.

Several other hedge funds have also bought and sold shares of SPYI. HighMark Wealth Management LLC increased its position in shares of NEOS S&P 500 High Income ETF by 4,613.8% during the second quarter. HighMark Wealth Management LLC now owns 4,101 shares of the company’s stock valued at $206,000 after acquiring an additional 4,014 shares during the last quarter. Capital Investment Advisors LLC bought a new position in NEOS S&P 500 High Income ETF in the 3rd quarter valued at $669,000. Allworth Financial LP grew its stake in NEOS S&P 500 High Income ETF by 272.1% in the 2nd quarter. Allworth Financial LP now owns 10,872 shares of the company’s stock valued at $547,000 after purchasing an additional 7,950 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of NEOS S&P 500 High Income ETF by 9.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,675 shares of the company’s stock valued at $638,000 after purchasing an additional 1,086 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new stake in shares of NEOS S&P 500 High Income ETF during the 2nd quarter worth $1,286,000.

NEOS S&P 500 High Income ETF Trading Up 3.6%

BATS:SPYI opened at $52.47 on Friday. NEOS S&P 500 High Income ETF has a 12 month low of $41.60 and a 12 month high of $52.78. The firm’s 50 day moving average is $52.63 and its 200 day moving average is $52.08. The stock has a market capitalization of $4.33 billion, a PE ratio of 25.58 and a beta of 0.71.

NEOS S&P 500 High Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 23rd. Investors of record on Wednesday, January 21st will be given a $0.5309 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date is Wednesday, January 21st.

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.