Envestnet Asset Management Inc. Has $18.44 Million Stock Holdings in NEOS S&P 500 High Income ETF $SPYI

Envestnet Asset Management Inc. lifted its position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 310.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 352,525 shares of the company’s stock after purchasing an additional 266,635 shares during the period. Envestnet Asset Management Inc. owned about 0.43% of NEOS S&P 500 High Income ETF worth $18,437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SPYI. Cloud Capital Management LLC acquired a new stake in NEOS S&P 500 High Income ETF during the 3rd quarter worth approximately $27,000. Pinnacle Bancorp Inc. acquired a new position in shares of NEOS S&P 500 High Income ETF during the third quarter worth $31,000. Activest Wealth Management grew its stake in shares of NEOS S&P 500 High Income ETF by 154.8% in the third quarter. Activest Wealth Management now owns 986 shares of the company’s stock worth $52,000 after purchasing an additional 599 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of NEOS S&P 500 High Income ETF by 232.3% in the third quarter. Geneos Wealth Management Inc. now owns 1,369 shares of the company’s stock worth $72,000 after purchasing an additional 957 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new stake in NEOS S&P 500 High Income ETF in the second quarter valued at $91,000.

NEOS S&P 500 High Income ETF Trading Up 0.1%

Shares of SPYI opened at $52.19 on Friday. The company has a market capitalization of $4.31 billion, a PE ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 12 month low of $41.60 and a 12 month high of $53.38. The stock’s 50-day moving average price is $52.77 and its two-hundred day moving average price is $52.28.

NEOS S&P 500 High Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Wednesday, January 21st were paid a $0.5309 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend was Wednesday, January 21st.

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.