Palacios Wealth Management LLC purchased a new position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,839 shares of the company’s stock, valued at approximately $2,659,000. NEOS S&P 500 High Income ETF accounts for about 2.9% of Palacios Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding. Palacios Wealth Management LLC owned about 0.21% of NEOS S&P 500 High Income ETF as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in shares of NEOS S&P 500 High Income ETF during the third quarter worth approximately $350,000. HighTower Advisors LLC increased its stake in shares of NEOS S&P 500 High Income ETF by 38.8% during the third quarter. HighTower Advisors LLC now owns 21,382 shares of the company’s stock worth $1,099,000 after buying an additional 5,980 shares during the period. Jane Street Group LLC increased its stake in shares of NEOS S&P 500 High Income ETF by 15.5% during the third quarter. Jane Street Group LLC now owns 39,591 shares of the company’s stock worth $2,028,000 after buying an additional 5,299 shares during the period. Cetera Investment Advisers increased its stake in shares of NEOS S&P 500 High Income ETF by 104.8% during the second quarter. Cetera Investment Advisers now owns 20,150 shares of the company’s stock worth $1,011,000 after buying an additional 10,312 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of NEOS S&P 500 High Income ETF by 40.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,000 shares of the company’s stock worth $714,000 after buying an additional 4,000 shares during the period.
NEOS S&P 500 High Income ETF Price Performance
SPYI stock opened at $52.18 on Friday. The stock’s fifty day moving average price is $51.65 and its 200 day moving average price is $51.20. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 21.64 and a beta of 0.69.
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.
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