Royal Bank of Canada Acquires 134,250 Shares of NEOS S&P 500 High Income ETF $SPYI

Royal Bank of Canada raised its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI) by 14.5% during the first quarter, HoldingsChannel reports. The firm owned 1,061,491 shares of the company’s stock after acquiring an additional 134,250 shares during the quarter. Royal Bank of Canada’s holdings in NEOS S&P 500 High Income ETF were worth $52,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. United Community Bank acquired a new position in shares of NEOS S&P 500 High Income ETF during the 4th quarter worth $26,000. HFM Investment Advisors LLC acquired a new stake in NEOS S&P 500 High Income ETF in the fourth quarter valued at about $27,000. Root Financial Partners LLC boosted its stake in NEOS S&P 500 High Income ETF by 79.2% in the first quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 255 shares in the last quarter. Optima Capital LLC acquired a new stake in NEOS S&P 500 High Income ETF in the fourth quarter valued at about $37,000. Finally, Wells Fargo & Company MN grew its position in NEOS S&P 500 High Income ETF by 503.0% in the fourth quarter. Wells Fargo & Company MN now owns 796 shares of the company’s stock valued at $42,000 after acquiring an additional 664 shares during the last quarter.

NEOS S&P 500 High Income ETF Stock Performance

Shares of BATS SPYI opened at $52.86 on Monday. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 12 month low of $47.77 and a 12 month high of $54.11. The stock has a 50-day moving average price of $53.06 and a two-hundred day moving average price of $52.31.

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.