Independent Advisor Alliance Cuts Stake in NEOS S&P 500 High Income ETF $SPYI

Independent Advisor Alliance trimmed its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 33.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,803 shares of the company’s stock after selling 15,901 shares during the quarter. Independent Advisor Alliance’s holdings in NEOS S&P 500 High Income ETF were worth $1,663,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in shares of NEOS S&P 500 High Income ETF during the 3rd quarter valued at approximately $27,000. Pinnacle Bancorp Inc. bought a new stake in shares of NEOS S&P 500 High Income ETF in the third quarter valued at approximately $31,000. Activest Wealth Management boosted its position in NEOS S&P 500 High Income ETF by 154.8% in the third quarter. Activest Wealth Management now owns 986 shares of the company’s stock valued at $52,000 after buying an additional 599 shares in the last quarter. Geneos Wealth Management Inc. raised its position in NEOS S&P 500 High Income ETF by 232.3% in the 3rd quarter. Geneos Wealth Management Inc. now owns 1,369 shares of the company’s stock valued at $72,000 after purchasing an additional 957 shares during the last quarter. Finally, EverSource Wealth Advisors LLC bought a new stake in NEOS S&P 500 High Income ETF during the 2nd quarter worth about $91,000.

NEOS S&P 500 High Income ETF Stock Performance

BATS:SPYI opened at $52.98 on Tuesday. The stock’s fifty day moving average price is $52.79 and its two-hundred day moving average price is $52.20. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 52-week low of $41.60 and a 52-week high of $52.78.

NEOS S&P 500 High Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Wednesday, January 21st were given a dividend of $0.5309 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 12.0%.

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.