Arkadios Wealth Advisors Purchases 3,859 Shares of NEOS S&P 500 High Income ETF $SPYI

Arkadios Wealth Advisors boosted its position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 75.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 8,966 shares of the company’s stock after buying an additional 3,859 shares during the quarter. Arkadios Wealth Advisors’ holdings in NEOS S&P 500 High Income ETF were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SPYI. Brown Advisory Inc. grew its stake in NEOS S&P 500 High Income ETF by 16.4% during the first quarter. Brown Advisory Inc. now owns 9,748 shares of the company’s stock worth $467,000 after buying an additional 1,370 shares during the last quarter. Palacios Wealth Management LLC grew its position in NEOS S&P 500 High Income ETF by 12.1% during the 2nd quarter. Palacios Wealth Management LLC now owns 63,960 shares of the company’s stock worth $3,218,000 after acquiring an additional 6,900 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in NEOS S&P 500 High Income ETF by 18.7% during the 1st quarter. Atria Wealth Solutions Inc. now owns 45,564 shares of the company’s stock worth $2,182,000 after acquiring an additional 7,190 shares during the last quarter. PNC Financial Services Group Inc. grew its position in NEOS S&P 500 High Income ETF by 90.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,215 shares of the company’s stock worth $537,000 after acquiring an additional 5,339 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of NEOS S&P 500 High Income ETF by 9.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 12,675 shares of the company’s stock worth $638,000 after purchasing an additional 1,086 shares during the last quarter.

NEOS S&P 500 High Income ETF Stock Performance

Shares of SPYI stock opened at $52.40 on Wednesday. The stock’s fifty day moving average is $52.21 and its 200-day moving average is $50.62. The stock has a market capitalization of $4.33 billion, a PE ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 52 week low of $41.60 and a 52 week high of $52.78.

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.