Bay Capital Advisors LLC Invests $803,000 in NEOS S&P 500 High Income ETF $SPYI

Bay Capital Advisors LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,285 shares of the company’s stock, valued at approximately $803,000.

Other large investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in NEOS S&P 500 High Income ETF in the third quarter worth $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of NEOS S&P 500 High Income ETF during the third quarter worth $31,000. Activest Wealth Management lifted its position in shares of NEOS S&P 500 High Income ETF by 154.8% in the 3rd quarter. Activest Wealth Management now owns 986 shares of the company’s stock worth $52,000 after buying an additional 599 shares during the last quarter. Abound Wealth Management boosted its holdings in shares of NEOS S&P 500 High Income ETF by 519.3% in the 4th quarter. Abound Wealth Management now owns 1,189 shares of the company’s stock valued at $62,000 after buying an additional 997 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of NEOS S&P 500 High Income ETF by 232.3% in the 3rd quarter. Geneos Wealth Management Inc. now owns 1,369 shares of the company’s stock valued at $72,000 after buying an additional 957 shares during the period.

NEOS S&P 500 High Income ETF Stock Up 0.6%

Shares of BATS:SPYI opened at $49.65 on Thursday. The company has a market cap of $4.10 billion, a PE ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a fifty-two week low of $41.60 and a fifty-two week high of $53.38. The firm has a 50-day simple moving average of $51.50 and a 200 day simple moving average of $52.18.

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.