Northeast Financial Group Inc. bought a new position in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 118,594 shares of the company’s stock, valued at approximately $5,856,000. NEOS S&P 500 High Income ETF makes up about 1.4% of Northeast Financial Group Inc.’s holdings, making the stock its 24th largest holding. Northeast Financial Group Inc. owned about 0.14% of NEOS S&P 500 High Income ETF at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of SPYI. Royal Bank of Canada grew its position in NEOS S&P 500 High Income ETF by 17.5% in the first quarter. Royal Bank of Canada now owns 62,184 shares of the company’s stock valued at $2,978,000 after acquiring an additional 9,262 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of NEOS S&P 500 High Income ETF by 215.1% during the first 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 during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF in the 2nd quarter valued at $91,000. Baird Financial Group Inc. acquired a new stake in shares of NEOS S&P 500 High Income ETF in the 2nd quarter valued at $704,000. Finally, Jump Financial LLC bought a new stake in shares of NEOS S&P 500 High Income ETF in the 2nd quarter worth about $1,132,000.
NEOS S&P 500 High Income ETF Price Performance
Shares of NEOS S&P 500 High Income ETF stock opened at $52.30 on Monday. The stock has a market capitalization of $4.32 billion, a P/E ratio of 25.58 and a beta of 0.71. The company has a 50-day simple moving average of $53.15 and a 200 day simple moving average of $52.33. NEOS S&P 500 High Income ETF has a 12-month low of $47.77 and a 12-month high of $54.11.
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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