Gradient Investments LLC Buys 44,174 Shares of NEOS S&P 500 High Income ETF $SPYI

Gradient Investments LLC raised its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,080,581 shares of the company’s stock after buying an additional 44,174 shares during the period. Gradient Investments LLC owned about 1.31% of NEOS S&P 500 High Income ETF worth $57,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. United Community Bank purchased a new stake in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $26,000. HFM Investment Advisors LLC bought a new position in NEOS S&P 500 High Income ETF in the fourth quarter worth approximately $27,000. Root Financial Partners LLC increased its holdings in NEOS S&P 500 High Income ETF by 79.2% during the 1st quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 255 shares during the period. Optima Capital LLC purchased a new position in NEOS S&P 500 High Income ETF during the 4th quarter worth $37,000. Finally, Wells Fargo & Company MN raised its position in NEOS S&P 500 High Income ETF by 503.0% during the 4th quarter. Wells Fargo & Company MN now owns 796 shares of the company’s stock valued at $42,000 after purchasing an additional 664 shares in the last quarter.

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

Shares of BATS SPYI opened at $54.18 on Friday. NEOS S&P 500 High Income ETF has a twelve month low of $47.77 and a twelve month high of $54.25. The firm has a market cap of $4.47 billion, a PE ratio of 25.58 and a beta of 0.71. The business has a fifty day simple moving average of $53.08 and a two-hundred day simple moving average of $52.34.

NEOS S&P 500 High Income ETF 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.