Investment Partners Asset Management Inc. Makes New Investment in NEOS S&P 500 High Income ETF $SPYI

Investment Partners Asset Management Inc. acquired a new stake in NEOS S&P 500 High Income ETF (BATS:SPYI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 70,535 shares of the company’s stock, valued at approximately $3,705,000. NEOS S&P 500 High Income ETF accounts for approximately 2.3% of Investment Partners Asset Management Inc.’s portfolio, making the stock its 7th biggest holding. Investment Partners Asset Management Inc. owned about 0.09% of NEOS S&P 500 High Income ETF at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Claro Advisors LLC increased its holdings in shares of NEOS S&P 500 High Income ETF by 1.2% in the 3rd quarter. Claro Advisors LLC now owns 17,118 shares of the company’s stock valued at $895,000 after acquiring an additional 200 shares during the period. BCS Wealth Management boosted its stake in NEOS S&P 500 High Income ETF by 2.7% during the 3rd quarter. BCS Wealth Management now owns 7,793 shares of the company’s stock worth $408,000 after purchasing an additional 203 shares during the period. CWA Asset Management Group LLC grew its position in NEOS S&P 500 High Income ETF by 3.0% during the 4th quarter. CWA Asset Management Group LLC now owns 9,540 shares of the company’s stock worth $501,000 after purchasing an additional 280 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in NEOS S&P 500 High Income ETF by 2.9% in the third quarter. Cornerstone Wealth Management LLC now owns 10,931 shares of the company’s stock valued at $572,000 after purchasing an additional 305 shares during the period. Finally, Compound Planning Inc. increased its stake in NEOS S&P 500 High Income ETF by 1.7% in the third quarter. Compound Planning Inc. now owns 20,111 shares of the company’s stock valued at $1,052,000 after purchasing an additional 331 shares during the period.

NEOS S&P 500 High Income ETF Stock Performance

Shares of BATS:SPYI opened at $49.37 on Wednesday. NEOS S&P 500 High Income ETF has a one year low of $41.60 and a one year high of $53.38. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. The company has a 50-day simple moving average of $51.56 and a 200-day simple moving average of $52.19.

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.