A4 Wealth Advisors LLC Takes Position in NEOS S&P 500 High Income ETF $SPYI

A4 Wealth Advisors LLC bought a new position in NEOS S&P 500 High Income ETF (BATS:SPYI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 29,480 shares of the company’s stock, valued at approximately $1,542,000. NEOS S&P 500 High Income ETF makes up about 1.3% of A4 Wealth Advisors LLC’s investment portfolio, making the stock its 21st biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in NEOS S&P 500 High Income ETF in the third quarter worth approximately $27,000. Pinnacle Bancorp Inc. bought a new stake in shares of NEOS S&P 500 High Income ETF during the 3rd quarter worth $31,000. Activest Wealth Management grew its holdings in shares of NEOS S&P 500 High Income ETF by 154.8% in the 3rd quarter. Activest Wealth Management now owns 986 shares of the company’s stock worth $52,000 after acquiring an additional 599 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of NEOS S&P 500 High Income ETF by 232.3% during the third quarter. Geneos Wealth Management Inc. now owns 1,369 shares of the company’s stock worth $72,000 after purchasing an additional 957 shares during the period. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF during the second quarter valued at $91,000.

NEOS S&P 500 High Income ETF Stock Up 4.1%

BATS:SPYI opened at $52.70 on Monday. The stock has a fifty day simple moving average of $52.77 and a 200 day simple moving average of $52.19. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 1-year low of $41.60 and a 1-year high of $52.78.

NEOS S&P 500 High Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Wednesday, January 21st were given a $0.5309 dividend. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend was Wednesday, January 21st.

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.