Accel Wealth Management Invests $653,000 in NEOS S&P 500 High Income ETF $SPYI

Accel Wealth Management bought a new position in NEOS S&P 500 High Income ETF (BATS:SPYI) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 12,437 shares of the company’s stock, valued at approximately $653,000.

Several other hedge funds have also bought and sold shares of the business. Howard Capital Management Inc. acquired a new position in NEOS S&P 500 High Income ETF during the 3rd quarter valued at about $21,542,000. Merit Financial Group LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF in the third quarter worth approximately $21,418,000. Envestnet Asset Management Inc. lifted its holdings in shares of NEOS S&P 500 High Income ETF by 310.4% in the third quarter. Envestnet Asset Management Inc. now owns 352,525 shares of the company’s stock valued at $18,437,000 after purchasing an additional 266,635 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in shares of NEOS S&P 500 High Income ETF during the fourth quarter valued at approximately $12,635,000. Finally, MADDEN SECURITIES Corp boosted its position in shares of NEOS S&P 500 High Income ETF by 204.1% during the third quarter. MADDEN SECURITIES Corp now owns 352,855 shares of the company’s stock valued at $18,454,000 after buying an additional 236,835 shares during the last quarter.

NEOS S&P 500 High Income ETF Stock Performance

Shares of NEOS S&P 500 High Income ETF stock opened at $49.72 on Friday. The company has a market capitalization of $4.11 billion, a P/E ratio of 25.58 and a beta of 0.71. The stock has a fifty day simple moving average of $51.39 and a 200 day simple moving average of $52.14. NEOS S&P 500 High Income ETF has a 12-month low of $41.60 and a 12-month high of $53.38.

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.