NEOS S&P 500 High Income ETF $SPYI Shares Newly Purchased by Three Magnolias Financial Advisors LLC

Three Magnolias Financial Advisors LLC purchased a new position in NEOS S&P 500 High Income ETF (BATS:SPYI) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 9,784 shares of the company’s stock, valued at approximately $520,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Foguth Wealth Management LLC. grew its stake in NEOS S&P 500 High Income ETF by 927.5% during the 1st quarter. Foguth Wealth Management LLC. now owns 1,214,307 shares of the company’s stock valued at $65,439,000 after purchasing an additional 1,096,123 shares in the last quarter. Gradient Investments LLC acquired a new position in shares of NEOS S&P 500 High Income ETF in the 3rd quarter valued at approximately $58,239,000. Envestnet Asset Management Inc. raised its position in shares of NEOS S&P 500 High Income ETF by 62.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 709,315 shares of the company’s stock valued at $37,658,000 after purchasing an additional 273,777 shares in the last quarter. Independent Financial Group LLC acquired a new position in shares of NEOS S&P 500 High Income ETF in the 1st quarter valued at approximately $8,039,000. Finally, Sentinel Advisory Group LLC purchased a new position in shares of NEOS S&P 500 High Income ETF during the 1st quarter valued at approximately $7,495,000.

NEOS S&P 500 High Income ETF Stock Down 0.9%

Shares of NEOS S&P 500 High Income ETF stock traded down $0.48 on Wednesday, hitting $53.63. 2,090,196 shares of the company’s stock traded hands, compared to its average volume of 3,496,152. NEOS S&P 500 High Income ETF has a 52-week low of $47.77 and a 52-week high of $54.47. The stock has a market cap of $4.43 billion, a P/E ratio of 25.58 and a beta of 0.71. The firm’s 50-day moving average is $53.68 and its 200 day moving average is $52.95.

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.