SG Americas Securities LLC Takes Position in NEOS S&P 500 High Income ETF $SPYI

SG Americas Securities LLC bought a new position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) in the first quarter, Holdings Channel reports. The institutional investor bought 75,000 shares of the company’s stock, valued at approximately $3,703,000.

Several other hedge funds have also recently modified their holdings of the stock. Triad Wealth Partners LLC lifted its stake in NEOS S&P 500 High Income ETF by 93.8% in the 1st quarter. Triad Wealth Partners LLC now owns 30,888 shares of the company’s stock valued at $1,525,000 after buying an additional 14,952 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in NEOS S&P 500 High Income ETF during the 1st quarter worth approximately $288,000. Aspen Investment Management Inc increased its stake in NEOS S&P 500 High Income ETF by 2.0% during the 1st quarter. Aspen Investment Management Inc now owns 56,850 shares of the company’s stock worth $2,807,000 after buying an additional 1,140 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of NEOS S&P 500 High Income ETF by 13.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 45,040 shares of the company’s stock valued at $2,366,000 after acquiring an additional 5,417 shares during the last quarter. Finally, World Investment Advisors acquired a new position in shares of NEOS S&P 500 High Income ETF during the fourth quarter valued at approximately $233,000.

NEOS S&P 500 High Income ETF Price Performance

BATS SPYI opened at $52.72 on Tuesday. The company has a market cap of $4.35 billion, a PE ratio of 25.58 and a beta of 0.71. The stock’s 50 day simple moving average is $53.00 and its 200-day simple moving average is $52.28. NEOS S&P 500 High Income ETF has a 1-year low of $47.77 and a 1-year 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.