NEOS S&P 500 High Income ETF $SPYI Stock: Howard Capital Management LLC Boosts Position

Howard Capital Management LLC increased its position in NEOS S&P 500 High Income ETF (BATS:SPYI) by 7.5% in the third quarter, HoldingsChannel reports. The firm owned 1,073,896 shares of the company’s stock after purchasing an additional 75,281 shares during the quarter. Howard Capital Management LLC’s holdings in NEOS S&P 500 High Income ETF were worth $57,099,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Foguth Wealth Management LLC. increased its holdings in shares of NEOS S&P 500 High Income ETF by 927.5% in the 1st quarter. Foguth Wealth Management LLC. now owns 1,214,307 shares of the company’s stock worth $65,439,000 after purchasing an additional 1,096,123 shares in the last quarter. Gradient Investments LLC purchased a new position in shares of NEOS S&P 500 High Income ETF in the third quarter worth $58,239,000. Royal Bank of Canada raised its stake in shares of NEOS S&P 500 High Income ETF by 14.5% in the first quarter. Royal Bank of Canada now owns 1,061,491 shares of the company’s stock worth $52,406,000 after purchasing an additional 134,250 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of NEOS S&P 500 High Income ETF by 62.9% during the second quarter. Envestnet Asset Management Inc. now owns 709,315 shares of the company’s stock valued at $37,658,000 after purchasing an additional 273,777 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of NEOS S&P 500 High Income ETF by 10.0% during the first quarter. Private Advisor Group LLC now owns 600,133 shares of the company’s stock valued at $29,629,000 after purchasing an additional 54,392 shares in the last quarter.

NEOS S&P 500 High Income ETF Price Performance

Shares of NEOS S&P 500 High Income ETF stock traded down $0.47 during trading on Friday, hitting $53.35. 4,013,790 shares of the company’s stock traded hands, compared to its average volume of 3,506,623. NEOS S&P 500 High Income ETF has a 1 year low of $47.77 and a 1 year high of $54.47. The stock has a market capitalization of $4.41 billion, a P/E ratio of 25.58 and a beta of 0.71. The business has a 50-day simple moving average of $53.66 and a 200-day simple moving average of $53.02.

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.