Stratos Wealth Partners LTD. Grows Position in NEOS S&P 500 High Income ETF $SPYI

Stratos Wealth Partners LTD. raised its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI) by 70.3% in the third quarter, Holdings Channel.com reports. The fund owned 159,777 shares of the company’s stock after buying an additional 65,949 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in NEOS S&P 500 High Income ETF were worth $8,356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SPYI. BCS Wealth Management lifted its stake in shares of NEOS S&P 500 High Income ETF by 2.7% in the third quarter. BCS Wealth Management now owns 7,793 shares of the company’s stock valued at $408,000 after purchasing an additional 203 shares during the period. TME Financial Inc. lifted its position in shares of NEOS S&P 500 High Income ETF by 3.1% during the 2nd quarter. TME Financial Inc. now owns 7,184 shares of the company’s stock valued at $361,000 after acquiring an additional 215 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of NEOS S&P 500 High Income ETF by 2.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 10,931 shares of the company’s stock worth $572,000 after acquiring an additional 305 shares in the last quarter. Stratos Wealth Advisors LLC grew its holdings in shares of NEOS S&P 500 High Income ETF by 1.0% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 30,503 shares of the company’s stock worth $1,535,000 after acquiring an additional 313 shares during the period. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of NEOS S&P 500 High Income ETF by 3.6% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 9,541 shares of the company’s stock worth $480,000 after acquiring an additional 333 shares during the period.

NEOS S&P 500 High Income ETF Stock Performance

Shares of SPYI stock opened at $52.83 on Thursday. The stock has a fifty day moving average price of $52.79 and a 200 day moving average price of $52.27. The stock has a market cap of $4.36 billion, a PE ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 1 year low of $41.60 and a 1 year high of $53.38.

NEOS S&P 500 High Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Wednesday, January 21st were paid a dividend of $0.5309 per share. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend was 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.