PVG Asset Management Corp Boosts Holdings in NEOS S&P 500 High Income ETF $SPYI

PVG Asset Management Corp boosted its holdings in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 129.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,869 shares of the company’s stock after acquiring an additional 25,865 shares during the period. NEOS S&P 500 High Income ETF comprises 1.8% of PVG Asset Management Corp’s portfolio, making the stock its 14th largest holding. PVG Asset Management Corp owned approximately 0.06% of NEOS S&P 500 High Income ETF worth $2,473,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. LPL Financial LLC increased its stake in shares of NEOS S&P 500 High Income ETF by 36.5% during the 4th quarter. LPL Financial LLC now owns 3,139,873 shares of the company’s stock worth $164,938,000 after purchasing an additional 839,220 shares in the last quarter. Foguth Wealth Management LLC. raised its position in shares of NEOS S&P 500 High Income ETF by 927.5% in the first quarter. Foguth Wealth Management LLC. now owns 1,214,307 shares of the company’s stock valued at $65,439,000 after buying an additional 1,096,123 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of NEOS S&P 500 High Income ETF by 14.5% during the first quarter. Royal Bank of Canada now owns 1,061,491 shares of the company’s stock valued at $52,406,000 after buying an additional 134,250 shares during the period. UBS Group AG lifted its stake in shares of NEOS S&P 500 High Income ETF by 77.9% during the fourth quarter. UBS Group AG now owns 1,054,374 shares of the company’s stock valued at $55,386,000 after buying an additional 461,724 shares during the period. Finally, MML Investors Services LLC boosted its position in NEOS S&P 500 High Income ETF by 12.3% during the fourth quarter. MML Investors Services LLC now owns 645,689 shares of the company’s stock worth $33,918,000 after acquiring an additional 70,938 shares during the last quarter.

NEOS S&P 500 High Income ETF Price Performance

SPYI stock opened at $52.86 on Monday. NEOS S&P 500 High Income ETF has a 52-week low of $47.77 and a 52-week high of $54.11. The stock’s fifty day simple moving average is $53.06 and its 200-day simple moving average is $52.31. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71.

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.