Gradient Investments LLC Boosts Stock Holdings in NEOS S&P 500 High Income ETF $SPYI

Gradient Investments LLC grew its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI) by 4.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,080,581 shares of the company’s stock after buying an additional 44,174 shares during the quarter. Gradient Investments LLC’s holdings in NEOS S&P 500 High Income ETF were worth $57,368,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SPYI. Teamwork Financial Advisors LLC boosted its stake in shares of NEOS S&P 500 High Income ETF by 5.7% during the second quarter. Teamwork Financial Advisors LLC now owns 156,863 shares of the company’s stock valued at $8,328,000 after purchasing an additional 8,493 shares in the last quarter. Puff Wealth Management LLC purchased a new position in NEOS S&P 500 High Income ETF during the second quarter valued at approximately $1,851,000. FNY Investment Advisers LLC bought a new position in NEOS S&P 500 High Income ETF in the second quarter worth approximately $1,964,000. Eclectic Associates Inc. ADV raised its stake in NEOS S&P 500 High Income ETF by 75.0% in the second quarter. Eclectic Associates Inc. ADV now owns 10,080 shares of the company’s stock worth $535,000 after buying an additional 4,320 shares in the last quarter. Finally, Gainplan LLC lifted its holdings in NEOS S&P 500 High Income ETF by 23.0% during the second quarter. Gainplan LLC now owns 76,379 shares of the company’s stock worth $4,055,000 after buying an additional 14,266 shares during the period.

NEOS S&P 500 High Income ETF Stock Up 0.4%

NEOS S&P 500 High Income ETF stock opened at $54.18 on Friday. The firm has a market cap of $4.47 billion, a P/E ratio of 25.58 and a beta of 0.71. The business has a fifty day moving average of $53.08 and a two-hundred day moving average of $52.34. NEOS S&P 500 High Income ETF has a twelve month low of $47.77 and a twelve month high of $54.25.

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.