Avidian Wealth Enterprises LLC Acquires 80,926 Shares of NEOS S&P 500 High Income ETF $SPYI

Avidian Wealth Enterprises LLC purchased a new stake in NEOS S&P 500 High Income ETF (BATS:SPYI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 80,926 shares of the company’s stock, valued at approximately $4,303,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC lifted its stake in shares of NEOS S&P 500 High Income ETF by 79.2% during 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 during the period. Continuum Advisory LLC purchased a new position in shares of NEOS S&P 500 High Income ETF in the 2nd quarter worth $32,000. Roble Belko & Company Inc grew its position in NEOS S&P 500 High Income ETF by 50.8% during the second quarter. Roble Belko & Company Inc now owns 594 shares of the company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Advocate Investing Services LLC acquired a new stake in NEOS S&P 500 High Income ETF during the first quarter worth about $39,000. Finally, Trust Co. of Vermont acquired a new stake in NEOS S&P 500 High Income ETF during the second quarter worth about $50,000.

NEOS S&P 500 High Income ETF Stock Down 0.4%

Shares of BATS SPYI traded down $0.23 during midday trading on Thursday, hitting $53.77. The stock had a trading volume of 1,303,186 shares, compared to its average volume of 3,515,440. NEOS S&P 500 High Income ETF has a 1-year low of $47.77 and a 1-year high of $54.47. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. The company has a fifty day moving average price of $53.62 and a 200 day moving average price of $52.82.

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.