NEOS S&P 500 High Income ETF (BATS:SPYI) Reaches New 12-Month High – Should You Buy?

NEOS S&P 500 High Income ETF (BATS:SPYIGet Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as $53.40 and last traded at $53.39, with a volume of 822428 shares trading hands. The stock had previously closed at $53.13.

NEOS S&P 500 High Income ETF Stock Performance

The firm’s 50-day moving average is $51.16 and its 200 day moving average is $52.08. The firm has a market capitalization of $4.41 billion, a P/E ratio of 25.58 and a beta of 0.71.

Institutional Investors Weigh In On NEOS S&P 500 High Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its holdings in shares of NEOS S&P 500 High Income ETF by 43.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,174 shares of the company’s stock valued at $157,000 after purchasing an additional 959 shares during the period. Parallel Advisors LLC raised its holdings in shares of NEOS S&P 500 High Income ETF by 42.4% in the 1st quarter. Parallel Advisors LLC now owns 2,810 shares of the company’s stock valued at $139,000 after purchasing an additional 836 shares during the period. Marshall & Sterling Wealth Advisors Inc. raised its holdings in shares of NEOS S&P 500 High Income ETF by 102.7% in the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 172,485 shares of the company’s stock valued at $8,516,000 after purchasing an additional 87,402 shares during the period. World Equity Group Inc. raised its holdings in shares of NEOS S&P 500 High Income ETF by 8.4% in the 1st quarter. World Equity Group Inc. now owns 15,792 shares of the company’s stock valued at $780,000 after purchasing an additional 1,220 shares during the period. Finally, Centennial Bank AR raised its holdings in shares of NEOS S&P 500 High Income ETF by 151.7% in the 1st quarter. Centennial Bank AR now owns 89,470 shares of the company’s stock valued at $4,417,000 after purchasing an additional 53,921 shares during the period.

NEOS S&P 500 High Income ETF Company Profile

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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.

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