PFG Advisors Increases Position in NEOS S&P 500 High Income ETF $SPYI

PFG Advisors grew its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 357.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,793 shares of the company’s stock after acquiring an additional 22,499 shares during the quarter. PFG Advisors’ holdings in NEOS S&P 500 High Income ETF were worth $1,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Gradient Investments LLC increased its holdings in shares of NEOS S&P 500 High Income ETF by 1.8% in the 4th quarter. Gradient Investments LLC now owns 1,785,248 shares of the company’s stock valued at $93,779,000 after acquiring an additional 32,277 shares during the period. UBS Group AG increased its holdings in shares of NEOS S&P 500 High Income ETF by 32.2% in the 3rd quarter. UBS Group AG now owns 592,650 shares of the company’s stock valued at $30,996,000 after acquiring an additional 144,511 shares during the period. Private Advisor Group LLC increased its holdings in shares of NEOS S&P 500 High Income ETF by 10.3% in the 3rd quarter. Private Advisor Group LLC now owns 470,511 shares of the company’s stock valued at $24,608,000 after acquiring an additional 44,087 shares during the period. Howard Capital Management Inc. increased its holdings in shares of NEOS S&P 500 High Income ETF by 10.1% in the 4th quarter. Howard Capital Management Inc. now owns 453,565 shares of the company’s stock valued at $23,826,000 after acquiring an additional 41,679 shares during the period. Finally, Merit Financial Group LLC increased its holdings in shares of NEOS S&P 500 High Income ETF by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 425,441 shares of the company’s stock valued at $22,348,000 after acquiring an additional 15,919 shares during the period.

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

Shares of BATS:SPYI opened at $52.08 on Thursday. NEOS S&P 500 High Income ETF has a 12-month low of $45.54 and a 12-month high of $53.38. The business’s fifty day simple moving average is $51.09 and its 200-day simple moving average is $52.07. The company has a market capitalization of $4.30 billion, a PE ratio of 25.58 and a beta of 0.71.

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.