J.W. Cole Advisors Inc. Has $3.81 Million Stake in NEOS S&P 500 High Income ETF $SPYI

J.W. Cole Advisors Inc. lifted its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 18.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,527 shares of the company’s stock after purchasing an additional 11,047 shares during the period. J.W. Cole Advisors Inc. owned approximately 0.09% of NEOS S&P 500 High Income ETF worth $3,810,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. United Community Bank acquired a new position in shares of NEOS S&P 500 High Income ETF during the fourth quarter worth approximately $26,000. HFM Investment Advisors LLC acquired a new position in NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $27,000. Optima Capital LLC acquired a new position in NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $37,000. Abound Wealth Management lifted its holdings in NEOS S&P 500 High Income ETF by 519.3% in the fourth quarter. Abound Wealth Management now owns 1,189 shares of the company’s stock valued at $62,000 after buying an additional 997 shares during the period. Finally, Tucker Asset Management LLC acquired a new position in NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $79,000.

NEOS S&P 500 High Income ETF Price Performance

Shares of BATS SPYI opened at $52.77 on Friday. The company’s 50 day simple moving average is $52.22 and its 200 day simple moving average is $52.23. NEOS S&P 500 High Income ETF has a fifty-two week low of $47.77 and a fifty-two week high of $54.11. The firm has a market capitalization of $4.36 billion, a P/E 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.