Kaizen Financial Strategies Makes New Investment in NEOS S&P 500 High Income ETF $SPYI

Kaizen Financial Strategies acquired a new position in NEOS S&P 500 High Income ETF (BATS:SPYI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,049 shares of the company’s stock, valued at approximately $1,826,000. NEOS S&P 500 High Income ETF comprises 0.8% of Kaizen Financial Strategies’ investment portfolio, making the stock its 25th biggest holding.

A number of other large investors also recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in NEOS S&P 500 High Income ETF by 17.5% during the first quarter. Royal Bank of Canada now owns 62,184 shares of the company’s stock worth $2,978,000 after buying an additional 9,262 shares in the last quarter. NewEdge Advisors LLC lifted its stake in NEOS S&P 500 High Income ETF by 215.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,048 shares of the company’s stock valued at $98,000 after acquiring an additional 1,398 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in NEOS S&P 500 High Income ETF by 9.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,675 shares of the company’s stock worth $638,000 after acquiring an additional 1,086 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in NEOS S&P 500 High Income ETF by 110.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 85,890 shares of the company’s stock worth $4,322,000 after acquiring an additional 45,020 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of NEOS S&P 500 High Income ETF in the 2nd quarter worth $209,000.

NEOS S&P 500 High Income ETF Price Performance

Shares of SPYI stock opened at $52.29 on Friday. The firm has a 50-day moving average of $52.67 and a 200-day moving average of $52.35. NEOS S&P 500 High Income ETF has a one year low of $41.60 and a one year high of $53.38. The company has a market cap of $4.32 billion, a P/E 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.