Savvy Advisors Inc. Buys New Shares in NEOS S&P 500 High Income ETF $SPYI

Savvy Advisors Inc. purchased a new stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,406 shares of the company’s stock, valued at approximately $547,000.

Other hedge funds have also added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in NEOS S&P 500 High Income ETF during the 3rd quarter valued at $27,000. Pinnacle Bancorp Inc. acquired a new stake in NEOS S&P 500 High Income ETF during the 3rd quarter valued at $31,000. Activest Wealth Management lifted its holdings in NEOS S&P 500 High Income ETF by 154.8% during the 3rd quarter. Activest Wealth Management now owns 986 shares of the company’s stock valued at $52,000 after purchasing an additional 599 shares during the last quarter. Abound Wealth Management lifted its holdings in NEOS S&P 500 High Income ETF by 519.3% during the 4th quarter. Abound Wealth Management now owns 1,189 shares of the company’s stock valued at $62,000 after purchasing an additional 997 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in NEOS S&P 500 High Income ETF by 232.3% during the 3rd quarter. Geneos Wealth Management Inc. now owns 1,369 shares of the company’s stock valued at $72,000 after purchasing an additional 957 shares during the last quarter.

NEOS S&P 500 High Income ETF Price Performance

Shares of NEOS S&P 500 High Income ETF stock opened at $50.87 on Thursday. The business has a fifty day simple moving average of $51.24 and a two-hundred day simple moving average of $52.09. NEOS S&P 500 High Income ETF has a 1 year low of $42.52 and a 1 year high of $53.38. The company has a market capitalization of $4.20 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.