NEOS S&P 500 High Income ETF (BATS:SPYI – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $52.71 and traded as high as $53.13. NEOS S&P 500 High Income ETF shares last traded at $53.01, with a volume of 3,759,369 shares.
NEOS S&P 500 High Income ETF Stock Performance
The company’s 50-day moving average is $53.42 and its 200-day moving average is $52.71. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71.
Institutional Trading of NEOS S&P 500 High Income ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Foguth Wealth Management LLC. boosted its stake in NEOS S&P 500 High Income ETF by 927.5% in the first quarter. Foguth Wealth Management LLC. now owns 1,214,307 shares of the company’s stock valued at $65,439,000 after acquiring an additional 1,096,123 shares during 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 $58,239,000. Envestnet Asset Management Inc. increased its holdings in shares of NEOS S&P 500 High Income ETF by 62.9% in the second quarter. Envestnet Asset Management Inc. now owns 709,315 shares of the company’s stock worth $37,658,000 after acquiring an additional 273,777 shares in the last quarter. Independent Financial Group LLC acquired a new stake in NEOS S&P 500 High Income ETF during the 1st quarter worth approximately $8,039,000. Finally, Sentinel Advisory Group LLC bought a new position in NEOS S&P 500 High Income ETF in the first quarter valued at approximately $7,495,000.
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.
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