Palacios Wealth Management LLC boosted its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,076 shares of the company’s stock after purchasing an additional 14,373 shares during the quarter. NEOS S&P 500 High Income ETF comprises approximately 3.6% of Palacios Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Palacios Wealth Management LLC owned about 0.16% of NEOS S&P 500 High Income ETF worth $7,235,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Almanack Investment Partners LLC. lifted its stake in shares of NEOS S&P 500 High Income ETF by 25.0% in the third quarter. Almanack Investment Partners LLC. now owns 21,782 shares of the company’s stock valued at $1,158,000 after buying an additional 4,363 shares in the last quarter. Landmark Wealth Management LLC acquired a new position in shares of NEOS S&P 500 High Income ETF during the third quarter valued at about $210,000. M Holdings Securities Inc. increased its position in shares of NEOS S&P 500 High Income ETF by 34.3% during the third quarter. M Holdings Securities Inc. now owns 16,727 shares of the company’s stock worth $880,000 after acquiring an additional 4,269 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of NEOS S&P 500 High Income ETF during the third quarter worth about $316,000. Finally, StoneX Group Inc. bought a new stake in shares of NEOS S&P 500 High Income ETF during the third quarter worth about $860,000.
NEOS S&P 500 High Income ETF Price Performance
SPYI opened at $52.33 on Tuesday. NEOS S&P 500 High Income ETF has a fifty-two week low of $47.77 and a fifty-two week high of $54.47. The firm has a market capitalization of $12.55 billion, a PE ratio of 23.00 and a beta of 0.71. The company’s 50-day moving average is $53.30 and its 200 day moving average is $52.69.
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.
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