46,076 Shares in NEOS S&P 500 High Income ETF $SPYI Acquired by 3EDGE Asset Management LP

3EDGE Asset Management LP bought a new position in NEOS S&P 500 High Income ETF (BATS:SPYI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,076 shares of the company’s stock, valued at approximately $2,410,000. 3EDGE Asset Management LP owned 0.06% of NEOS S&P 500 High Income ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of NEOS S&P 500 High Income ETF by 17.5% in the 1st quarter. Royal Bank of Canada now owns 62,184 shares of the company’s stock worth $2,978,000 after buying an additional 9,262 shares in the last quarter. NewEdge Advisors LLC grew its holdings in NEOS S&P 500 High Income ETF by 215.1% during the first quarter. NewEdge Advisors LLC now owns 2,048 shares of the company’s stock worth $98,000 after acquiring an additional 1,398 shares during the period. Parallel Advisors LLC acquired a new stake in NEOS S&P 500 High Income ETF in the 2nd quarter valued at about $77,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of NEOS S&P 500 High Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 88,317 shares of the company’s stock valued at $4,482,000 after purchasing an additional 16,268 shares in the last quarter. Finally, UMB Bank n.a. acquired a new position in shares of NEOS S&P 500 High Income ETF in the 2nd quarter worth approximately $101,000.

NEOS S&P 500 High Income ETF Price Performance

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 company has a market capitalization of $4.33 billion, a P/E ratio of 25.58 and a beta of 0.71. The company’s 50 day simple moving average is $52.63 and its 200 day simple moving average is $52.08.

NEOS S&P 500 High Income ETF Cuts Dividend

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