Belpointe Asset Management LLC Boosts Holdings in NEOS S&P 500 High Income ETF $SPYI

Belpointe Asset Management LLC grew its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 367.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,573 shares of the company’s stock after purchasing an additional 46,837 shares during the quarter. Belpointe Asset Management LLC owned approximately 0.07% of NEOS S&P 500 High Income ETF worth $3,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SPYI. Merit Financial Group LLC acquired a new stake in NEOS S&P 500 High Income ETF in the 3rd quarter worth about $21,418,000. MADDEN SECURITIES Corp lifted its position in shares of NEOS S&P 500 High Income ETF by 204.1% in the third quarter. MADDEN SECURITIES Corp now owns 352,855 shares of the company’s stock valued at $18,454,000 after acquiring an additional 236,835 shares in the last quarter. Gradient Investments LLC boosted its stake in shares of NEOS S&P 500 High Income ETF by 5.0% in the third quarter. Gradient Investments LLC now owns 1,752,971 shares of the company’s stock worth $91,680,000 after acquiring an additional 83,988 shares during the last quarter. RiverTree Advisors LLC boosted its stake in shares of NEOS S&P 500 High Income ETF by 172.2% in the second quarter. RiverTree Advisors LLC now owns 103,203 shares of the company’s stock worth $5,193,000 after acquiring an additional 65,282 shares during the last quarter. Finally, 3EDGE Asset Management LP purchased a new stake in shares of NEOS S&P 500 High Income ETF during the third quarter worth approximately $2,410,000.

NEOS S&P 500 High Income ETF Stock Performance

BATS SPYI opened at $52.88 on Wednesday. The business has a fifty day moving average price of $52.68 and a 200 day moving average price of $52.14. The company has a market cap of $4.37 billion, a P/E ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a one year low of $41.60 and a one year high of $52.78.

NEOS S&P 500 High Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Wednesday, January 21st were given a $0.5309 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date was Wednesday, January 21st.

About NEOS S&P 500 High Income ETF

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.