Howard Capital Management LLC Purchases 75,281 Shares of NEOS S&P 500 High Income ETF $SPYI

Howard Capital Management LLC raised its position in NEOS S&P 500 High Income ETF (BATS:SPYI) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,073,896 shares of the company’s stock after acquiring an additional 75,281 shares during the quarter. Howard Capital Management LLC owned approximately 1.30% of NEOS S&P 500 High Income ETF worth $57,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPYI. Foguth Wealth Management LLC. raised its position in NEOS S&P 500 High Income ETF by 927.5% during the 1st quarter. Foguth Wealth Management LLC. now owns 1,214,307 shares of the company’s stock valued at $65,439,000 after purchasing an additional 1,096,123 shares during the last quarter. Gradient Investments LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the third quarter valued at approximately $58,239,000. Envestnet Asset Management Inc. lifted its stake in NEOS S&P 500 High Income ETF by 62.9% in the second quarter. Envestnet Asset Management Inc. now owns 709,315 shares of the company’s stock worth $37,658,000 after acquiring an additional 273,777 shares during the period. Independent Financial Group LLC purchased a new stake in NEOS S&P 500 High Income ETF in the first quarter worth $8,039,000. Finally, Sentinel Advisory Group LLC bought a new stake in NEOS S&P 500 High Income ETF in the first quarter valued at $7,495,000.

NEOS S&P 500 High Income ETF Price Performance

NEOS S&P 500 High Income ETF stock traded down $0.47 during mid-day trading on Friday, reaching $53.35. 4,013,790 shares of the company traded hands, compared to its average volume of 3,506,623. The firm’s 50 day moving average price is $53.66 and its 200 day moving average price is $53.02. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 52-week low of $47.77 and a 52-week high of $54.47.

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.