Prevail Innovative Wealth Advisors LLC Takes $6.80 Million Position in NEOS S&P 500 High Income ETF $SPYI

Prevail Innovative Wealth Advisors LLC purchased a new position in NEOS S&P 500 High Income ETF (BATS:SPYI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 129,994 shares of the company’s stock, valued at approximately $6,799,000. NEOS S&P 500 High Income ETF makes up about 1.3% of Prevail Innovative Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Prevail Innovative Wealth Advisors LLC owned 0.16% of NEOS S&P 500 High Income ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPYI. Claro Advisors LLC grew its position in shares of NEOS S&P 500 High Income ETF by 1.2% in the 3rd quarter. Claro Advisors LLC now owns 17,118 shares of the company’s stock worth $895,000 after acquiring an additional 200 shares in the last quarter. BCS Wealth Management raised its position in shares of NEOS S&P 500 High Income ETF by 2.7% during the 3rd quarter. BCS Wealth Management now owns 7,793 shares of the company’s stock valued at $408,000 after acquiring an additional 203 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in NEOS S&P 500 High Income ETF by 2.9% during the third quarter. Cornerstone Wealth Management LLC now owns 10,931 shares of the company’s stock worth $572,000 after purchasing an additional 305 shares during the last quarter. Compound Planning Inc. lifted its stake in NEOS S&P 500 High Income ETF by 1.7% during the third quarter. Compound Planning Inc. now owns 20,111 shares of the company’s stock worth $1,052,000 after purchasing an additional 331 shares during the last quarter. Finally, Moloney Securities Asset Management LLC boosted its holdings in NEOS S&P 500 High Income ETF by 1.1% in the third quarter. Moloney Securities Asset Management LLC now owns 34,367 shares of the company’s stock worth $1,797,000 after purchasing an additional 379 shares during the period.

NEOS S&P 500 High Income ETF Price Performance

SPYI stock opened at $51.15 on Friday. NEOS S&P 500 High Income ETF has a 1-year low of $41.60 and a 1-year high of $53.38. The firm has a fifty day moving average price of $52.52 and a two-hundred day moving average price of $52.36. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71.

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.