Intelligence Driven Advisers LLC Makes New Investment in NEOS S&P 500 High Income ETF $SPYI

Intelligence Driven Advisers LLC purchased a new stake in NEOS S&P 500 High Income ETF (BATS:SPYI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 38,503 shares of the company’s stock, valued at approximately $2,047,000.

Several other hedge funds have also recently modified their holdings of the stock. Root Financial Partners LLC grew its stake in NEOS S&P 500 High Income ETF by 79.2% during the 1st quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 255 shares during the last quarter. Roble Belko & Company Inc raised its stake in shares of NEOS S&P 500 High Income ETF by 50.8% in the second quarter. Roble Belko & Company Inc now owns 594 shares of the company’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Continuum Advisory LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF during the second quarter worth about $32,000. Advocate Investing Services LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF during the first quarter worth about $39,000. Finally, Trust Co. of Vermont purchased a new stake in NEOS S&P 500 High Income ETF in the second quarter valued at approximately $50,000.

NEOS S&P 500 High Income ETF Price Performance

BATS:SPYI traded up $0.20 during midday trading on Friday, hitting $54.05. The company’s stock had a trading volume of 1,196,039 shares, compared to its average volume of 3,513,211. NEOS S&P 500 High Income ETF has a fifty-two week low of $47.77 and a fifty-two week high of $54.47. The firm’s 50 day moving average is $53.64 and its 200-day moving average is $52.85. The firm has a market cap of $4.46 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.