New Wave Wealth Advisors LLC Makes New $2.74 Million Investment in NEOS S&P 500 High Income ETF $SPYI

New Wave Wealth Advisors LLC acquired a new stake in NEOS S&P 500 High Income ETF (BATS:SPYI) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 50,647 shares of the company’s stock, valued at approximately $2,741,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC boosted its stake in NEOS S&P 500 High Income ETF by 79.2% in the first quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 255 shares in the last quarter. Roble Belko & Company Inc increased its stake in shares of NEOS S&P 500 High Income ETF by 50.8% in the second quarter. Roble Belko & Company Inc now owns 594 shares of the company’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF in the second quarter valued at $32,000. Advocate Investing Services LLC bought a new position in shares of NEOS S&P 500 High Income ETF in the first quarter valued at about $39,000. Finally, Trust Co. of Vermont bought a new position in shares of NEOS S&P 500 High Income ETF in the second quarter valued at about $50,000.

NEOS S&P 500 High Income ETF Trading Up 0.4%

BATS SPYI traded up $0.23 on Monday, hitting $53.59. 1,953,441 shares of the company were exchanged, compared to its average volume of 3,498,340. The firm has a 50 day moving average of $53.66 and a two-hundred day moving average of $53.06. The company has a market cap of $4.43 billion, a P/E ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 1-year low of $47.77 and a 1-year high of $54.47.

NEOS S&P 500 High Income ETF Company 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.