Axxcess Wealth Management LLC Boosts Stock Holdings in NEOS S&P 500 High Income ETF (BATS:SPYI)

Posted by Trevor Kearing on Jul 26th, 2024

Axxcess Wealth Management LLC grew its position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 223.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,453 shares of the company’s stock after purchasing an additional 10,680 shares during the quarter. Axxcess Wealth Management LLC owned approximately 0.06% of NEOS S&P 500 High Income ETF worth $778,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SPYI. Capital Investment Advisory Services LLC purchased a new position in shares of NEOS S&P 500 High Income ETF during the 4th quarter valued at approximately $40,000. Newbridge Financial Services Group Inc. grew its stake in NEOS S&P 500 High Income ETF by 236.2% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 1,412 shares of the company’s stock valued at $71,000 after acquiring an additional 992 shares during the period. CWM LLC acquired a new stake in NEOS S&P 500 High Income ETF in the 4th quarter valued at $100,000. HBC Financial Services PLLC acquired a new stake in NEOS S&P 500 High Income ETF in the 1st quarter valued at $134,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in NEOS S&P 500 High Income ETF in the 4th quarter valued at $215,000.

NEOS S&P 500 High Income ETF Price Performance

NEOS S&P 500 High Income ETF stock traded up $0.46 during trading on Friday, reaching $49.76. The company had a trading volume of 445,943 shares. The company has a fifty day moving average of $50.27 and a 200-day moving average of $49.67. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 21.64 and a beta of 0.69.

NEOS S&P 500 High Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, May 24th. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.4997 per share. The ex-dividend date of this dividend was Wednesday, May 22nd.

NEOS S&P 500 High Income ETF Profile

(Free Report)

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.