Wellington Grp LLC Makes New Investment in NEOS S&P 500 High Income ETF $SPYI

Wellington Grp LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) during the 1st quarter, HoldingsChannel reports. The fund acquired 13,955 shares of the company’s stock, valued at approximately $689,000.

Other institutional investors have also modified their holdings of the company. United Community Bank purchased a new stake in shares of NEOS S&P 500 High Income ETF during the fourth quarter worth about $26,000. HFM Investment Advisors LLC acquired a new position in shares of NEOS S&P 500 High Income ETF during the 4th quarter worth about $27,000. Root Financial Partners LLC lifted its stake in NEOS S&P 500 High Income ETF by 79.2% in the 1st quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 255 shares in the last quarter. Optima Capital LLC purchased a new position in NEOS S&P 500 High Income ETF in the 4th quarter valued at about $37,000. Finally, Advocate Investing Services LLC acquired a new stake in NEOS S&P 500 High Income ETF in the 1st quarter worth about $39,000.

NEOS S&P 500 High Income ETF Trading Up 0.6%

SPYI stock opened at $52.86 on Friday. NEOS S&P 500 High Income ETF has a 12-month low of $47.77 and a 12-month high of $54.11. The business’s 50-day moving average is $53.06 and its 200 day moving average is $52.31. The stock has a market cap 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.