NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Reaches New 1-Year High – Here’s What Happened

NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $51.33 and last traded at $51.26, with a volume of 140014 shares traded. The stock had previously closed at $51.17.

NEOS Russell 2000 High Income ETF Trading Up 0.1%

The company has a 50 day moving average price of $50.07 and a 200 day moving average price of $48.73. The company has a market capitalization of $575.60 million, a P/E ratio of 16.33 and a beta of 1.14.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. FSA Advisors Inc. acquired a new stake in shares of NEOS Russell 2000 High Income ETF in the fourth quarter valued at approximately $735,000. Private Trust Co. NA boosted its holdings in NEOS Russell 2000 High Income ETF by 11.6% during the 4th quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock worth $234,000 after acquiring an additional 500 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of NEOS Russell 2000 High Income ETF during the 3rd quarter valued at $307,000. CoreCap Advisors LLC increased its stake in shares of NEOS Russell 2000 High Income ETF by 250.7% during the third quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock valued at $51,000 after purchasing an additional 752 shares in the last quarter. Finally, PVG Asset Management Corp purchased a new position in shares of NEOS Russell 2000 High Income ETF in the second quarter worth approximately $228,000.

About NEOS Russell 2000 High Income ETF

The NEOS Russell 2000 High Income ETF (IWMI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund-of-fund that seeks to generate income by investing in constituents of the Russell 2000 Index while also employing a call option strategy. IWMI was launched on Jun 25, 2024 and is issued by Neos.