Sound Income Strategies LLC Boosts Stake in NEOS S&P 500 High Income ETF $SPYI

Sound Income Strategies LLC raised its position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 383.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 87,262 shares of the company’s stock after buying an additional 69,230 shares during the period. Sound Income Strategies LLC’s holdings in NEOS S&P 500 High Income ETF were worth $4,332,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pacific Point Advisors LLC purchased a new stake in NEOS S&P 500 High Income ETF during the fourth quarter worth about $1,158,000. Capital Investment Advisory Services LLC boosted its stake in shares of NEOS S&P 500 High Income ETF by 53.7% in the fourth quarter. Capital Investment Advisory Services LLC now owns 154,527 shares of the company’s stock valued at $8,117,000 after purchasing an additional 54,021 shares during the period. CCG Wealth Management LLC purchased a new position in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $778,000. Gradient Investments LLC boosted its stake in shares of NEOS S&P 500 High Income ETF by 1.8% in the fourth quarter. Gradient Investments LLC now owns 1,785,248 shares of the company’s stock valued at $93,779,000 after purchasing an additional 32,277 shares during the period. Finally, Capital Investment Advisors LLC grew its holdings in shares of NEOS S&P 500 High Income ETF by 124.9% in the fourth quarter. Capital Investment Advisors LLC now owns 28,760 shares of the company’s stock valued at $1,511,000 after purchasing an additional 15,974 shares in the last quarter.

NEOS S&P 500 High Income ETF Stock Down 0.1%

Shares of SPYI opened at $53.06 on Friday. NEOS S&P 500 High Income ETF has a fifty-two week low of $47.77 and a fifty-two week high of $54.11. The firm’s 50 day moving average price is $53.04 and its 200 day moving average price is $52.28. The company has a market cap of $4.38 billion, a P/E ratio of 25.58 and a beta of 0.71.

NEOS S&P 500 High Income ETF Company 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.