Alpha Financial Partners LLC Grows Stake in NEOS S&P 500 High Income ETF $SPYI

Alpha Financial Partners LLC boosted its holdings in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 181.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,447 shares of the company’s stock after purchasing an additional 18,346 shares during the quarter. NEOS S&P 500 High Income ETF comprises 1.0% of Alpha Financial Partners LLC’s portfolio, making the stock its 20th biggest holding. Alpha Financial Partners LLC’s holdings in NEOS S&P 500 High Income ETF were worth $1,488,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Gradient Investments LLC raised its position in shares of NEOS S&P 500 High Income ETF by 5.0% during the third quarter. Gradient Investments LLC now owns 1,752,971 shares of the company’s stock valued at $91,680,000 after buying an additional 83,988 shares during the last quarter. Howard Capital Management Inc. purchased a new position in NEOS S&P 500 High Income ETF during the third quarter valued at $21,542,000. Merit Financial Group LLC purchased a new position in NEOS S&P 500 High Income ETF during the third quarter valued at $21,418,000. MADDEN SECURITIES Corp increased its holdings in NEOS S&P 500 High Income ETF by 204.1% in the 3rd quarter. MADDEN SECURITIES Corp now owns 352,855 shares of the company’s stock valued at $18,454,000 after acquiring an additional 236,835 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in NEOS S&P 500 High Income ETF by 310.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 352,525 shares of the company’s stock worth $18,437,000 after purchasing an additional 266,635 shares in the last quarter.

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

Shares of SPYI stock opened at $52.00 on Thursday. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 12-month low of $41.60 and a 12-month high of $53.38. The stock’s 50-day moving average price is $52.73 and its 200-day moving average price is $52.31.

NEOS S&P 500 High Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 20th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.5219 per share. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend is Wednesday, February 18th.

About NEOS S&P 500 High Income ETF

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.