NEOS S&P 500 High Income ETF (BATS:SPYI) Hits New 1-Year High – What’s Next?

NEOS S&P 500 High Income ETF (BATS:SPYI)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $54.26 and last traded at $54.26, with a volume of 905406 shares. The stock had previously closed at $54.18.

NEOS S&P 500 High Income ETF Price Performance

The stock has a market cap of $4.48 billion, a PE ratio of 25.58 and a beta of 0.71. The company has a 50 day moving average price of $53.08 and a two-hundred day moving average price of $52.34.

Hedge Funds Weigh In On NEOS S&P 500 High Income ETF

A number of hedge funds have recently bought and sold shares of the business. GHP Investment Advisors Inc. lifted its holdings in NEOS S&P 500 High Income ETF by 8.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 2,651 shares of the company’s stock valued at $139,000 after purchasing an additional 198 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its stake in shares of NEOS S&P 500 High Income ETF by 32.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 820 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares in the last quarter. Compound Planning Inc. raised its position in shares of NEOS S&P 500 High Income ETF by 1.1% during the 4th quarter. Compound Planning Inc. now owns 20,333 shares of the company’s stock valued at $1,068,000 after purchasing an additional 222 shares during the period. HighMark Wealth Management LLC raised its position in shares of NEOS S&P 500 High Income ETF by 3.0% during the 4th quarter. HighMark Wealth Management LLC now owns 8,016 shares of the company’s stock valued at $421,000 after purchasing an additional 236 shares during the period. Finally, Pasadena Private Wealth LLC lifted its stake in shares of NEOS S&P 500 High Income ETF by 2.9% during the 1st quarter. Pasadena Private Wealth LLC now owns 8,417 shares of the company’s stock valued at $416,000 after buying an additional 240 shares in the last quarter.

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.