NEOS Russell 2000 High Income ETF (BATS:IWMI – Get Free Report)’s share price dropped 0.1% on Monday . The company traded as low as $53.47 and last traded at $53.58. Approximately 601,342 shares traded hands during mid-day trading, an increase of 61% from the average daily volume of 374,190 shares. The stock had previously closed at $53.65.
NEOS Russell 2000 High Income ETF Trading Down 0.1%
The firm’s 50 day simple moving average is $52.75 and its 200-day simple moving average is $51.01. The stock has a market capitalization of $239.50 million and a price-to-earnings ratio of 16.20.
Institutional Trading of NEOS Russell 2000 High Income ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC bought a new stake in NEOS Russell 2000 High Income ETF during the first quarter worth about $82,000. Private Trust Co. NA grew its stake in NEOS Russell 2000 High Income ETF by 11.6% in the fourth quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock valued at $234,000 after purchasing an additional 500 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of NEOS Russell 2000 High Income ETF during the 3rd quarter worth approximately $307,000. FSA Advisors Inc. bought a new stake in shares of NEOS Russell 2000 High Income ETF during the 4th quarter worth approximately $735,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of NEOS Russell 2000 High Income ETF during the 1st quarter worth approximately $2,307,000.
About NEOS Russell 2000 High Income ETF
The NEOS Russell 2000 High Income ETF (IWMI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund-of-fund that seeks to generate income by investing in constituents of the Russell 2000 Index while also employing a call option strategy. IWMI was launched on Jun 25, 2024 and is issued by Neos.
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