Apollon Wealth Management LLC Boosts Stock Position in NEOS S&P 500 High Income ETF $SPYI

Apollon Wealth Management LLC increased its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 135.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,601 shares of the company’s stock after purchasing an additional 65,935 shares during the quarter. Apollon Wealth Management LLC owned approximately 0.14% of NEOS S&P 500 High Income ETF worth $6,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gradient Investments LLC increased its position in NEOS S&P 500 High Income ETF by 1.8% during the 4th quarter. Gradient Investments LLC now owns 1,785,248 shares of the company’s stock worth $93,779,000 after purchasing an additional 32,277 shares in the last quarter. UBS Group AG increased its position in NEOS S&P 500 High Income ETF by 32.2% during the 3rd quarter. UBS Group AG now owns 592,650 shares of the company’s stock worth $30,996,000 after purchasing an additional 144,511 shares in the last quarter. Private Advisor Group LLC increased its position in NEOS S&P 500 High Income ETF by 10.3% during the 3rd quarter. Private Advisor Group LLC now owns 470,511 shares of the company’s stock worth $24,608,000 after purchasing an additional 44,087 shares in the last quarter. Howard Capital Management Inc. acquired a new stake in NEOS S&P 500 High Income ETF in the 3rd quarter worth about $21,542,000. Finally, 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.

NEOS S&P 500 High Income ETF Trading Down 0.0%

Shares of BATS:SPYI opened at $51.11 on Friday. The stock’s 50-day moving average price is $51.17 and its two-hundred day moving average price is $52.07. NEOS S&P 500 High Income ETF has a 12-month low of $43.91 and a 12-month high of $53.38. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71.

NEOS S&P 500 High Income ETF 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.