PFG Advisors Grows Stake in NEOS S&P 500 High Income ETF $SPYI

PFG Advisors boosted its position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 357.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,793 shares of the company’s stock after purchasing an additional 22,499 shares during the quarter. PFG Advisors’ holdings in NEOS S&P 500 High Income ETF were worth $1,513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SPYI. Howard Capital Management Inc. purchased a new position in NEOS S&P 500 High Income ETF during the 3rd quarter worth $21,542,000. Merit Financial Group LLC purchased a new position in NEOS S&P 500 High Income ETF during the 3rd quarter worth $21,418,000. Envestnet Asset Management Inc. increased its holdings in NEOS S&P 500 High Income ETF by 310.4% during 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 during the period. Aventura Private Wealth LLC purchased a new position in NEOS S&P 500 High Income ETF during the 4th quarter worth $12,635,000. Finally, MADDEN SECURITIES Corp increased its holdings in NEOS S&P 500 High Income ETF by 204.1% during the 3rd quarter. MADDEN SECURITIES Corp now owns 352,855 shares of the company’s stock worth $18,454,000 after purchasing an additional 236,835 shares during the period.

NEOS S&P 500 High Income ETF Stock Down 0.4%

SPYI opened at $52.08 on Thursday. NEOS S&P 500 High Income ETF has a 52 week low of $45.54 and a 52 week high of $53.38. The stock’s fifty day moving average is $51.09 and its two-hundred day moving average is $52.07. The company has a market capitalization of $4.30 billion, a P/E ratio of 25.58 and a beta of 0.71.

NEOS S&P 500 High Income ETF Company Profile

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.