Novak & Powell Financial Services Inc. Buys 771 Shares of NEOS S&P 500 High Income ETF (BATS:SPYI)

Novak & Powell Financial Services Inc. grew its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,651 shares of the company’s stock after buying an additional 771 shares during the period. Novak & Powell Financial Services Inc.’s holdings in NEOS S&P 500 High Income ETF were worth $338,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Wellington Wealth Strategies LLC. bought a new stake in shares of NEOS S&P 500 High Income ETF in the fourth quarter worth about $40,000. Anfield Capital Management LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF during the 4th quarter worth approximately $55,000. Montag A & Associates Inc. raised its holdings in shares of NEOS S&P 500 High Income ETF by 27.8% during the 4th quarter. Montag A & Associates Inc. now owns 1,194 shares of the company’s stock worth $61,000 after acquiring an additional 260 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of NEOS S&P 500 High Income ETF by 8.3% during the 4th quarter. Continuum Advisory LLC now owns 2,619 shares of the company’s stock valued at $133,000 after acquiring an additional 200 shares during the last quarter. Finally, Private Trust Co. NA bought a new position in shares of NEOS S&P 500 High Income ETF during the 4th quarter valued at approximately $152,000.

NEOS S&P 500 High Income ETF Stock Performance

Shares of SPYI opened at $49.50 on Wednesday. The stock has a market capitalization of $3.39 billion, a PE ratio of 24.38 and a beta of 0.70. The company’s fifty day moving average is $47.29 and its 200 day moving average is $50.04. NEOS S&P 500 High Income ETF has a fifty-two week low of $41.60 and a fifty-two week high of $52.78.

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.