Chung Wu Investment Group LLC Boosts Stake in NEOS S&P 500 High Income ETF $SPYI

Chung Wu Investment Group LLC raised its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 32,643.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,230 shares of the company’s stock after acquiring an additional 97,930 shares during the period. NEOS S&P 500 High Income ETF makes up about 4.3% of Chung Wu Investment Group LLC’s portfolio, making the stock its 6th biggest holding. Chung Wu Investment Group LLC’s holdings in NEOS S&P 500 High Income ETF were worth $5,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Mutual Advisors LLC grew its holdings in shares of NEOS S&P 500 High Income ETF by 38.0% during the 3rd quarter. Mutual Advisors LLC now owns 54,116 shares of the company’s stock worth $2,827,000 after purchasing an additional 14,899 shares in the last quarter. Howard Capital Management Inc. bought a new stake in NEOS S&P 500 High Income ETF during the third quarter worth about $21,542,000. Atlas Private Wealth Advisors acquired a new stake in NEOS S&P 500 High Income ETF during the third quarter worth about $219,000. RiverTree Advisors LLC grew its stake in NEOS S&P 500 High Income ETF by 11.0% during the third quarter. RiverTree Advisors LLC now owns 114,543 shares of the company’s stock worth $5,991,000 after buying an additional 11,340 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its holdings in NEOS S&P 500 High Income ETF by 2.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 10,931 shares of the company’s stock valued at $572,000 after buying an additional 305 shares during the period.

NEOS S&P 500 High Income ETF Trading Up 4.1%

Shares of BATS:SPYI opened at $52.70 on Friday. The firm has a 50 day moving average of $52.77 and a 200-day moving average of $52.18. NEOS S&P 500 High Income ETF has a 12 month low of $41.60 and a 12 month high of $52.78. The stock has a market capitalization of $4.35 billion, a PE ratio of 25.58 and a beta of 0.71.

NEOS S&P 500 High Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Wednesday, January 21st were given a dividend of $0.5309 per share. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date was Wednesday, January 21st.

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.