NEOS S&P 500 High Income ETF (BATS:SPYI) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 152.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,232 shares of the company’s stock after purchasing an additional 12,233 shares during the quarter. Avantax Advisory Services Inc.’s holdings in NEOS S&P 500 High Income ETF were worth $1,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPYI. Private Advisor Group LLC grew its position in shares of NEOS S&P 500 High Income ETF by 397.8% in the fourth quarter. Private Advisor Group LLC now owns 664,748 shares of the company’s stock valued at $33,783,000 after purchasing an additional 531,207 shares during the last quarter. Gradient Investments LLC grew its position in shares of NEOS S&P 500 High Income ETF by 24.4% in the fourth quarter. Gradient Investments LLC now owns 2,205,348 shares of the company’s stock valued at $112,076,000 after purchasing an additional 432,976 shares during the last quarter. Brown Financial Advisors grew its position in shares of NEOS S&P 500 High Income ETF by 2,856.6% in the third quarter. Brown Financial Advisors now owns 164,448 shares of the company’s stock valued at $8,425,000 after purchasing an additional 158,886 shares during the last quarter. Crescent Grove Advisors LLC grew its position in shares of NEOS S&P 500 High Income ETF by 339.0% in the fourth quarter. Crescent Grove Advisors LLC now owns 125,059 shares of the company’s stock valued at $6,355,000 after purchasing an additional 96,574 shares during the last quarter. Finally, Independent Advisor Alliance acquired a new stake in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $2,985,000.

NEOS S&P 500 High Income ETF Price Performance

SPYI stock opened at $48.89 on Thursday. The company’s 50 day simple moving average is $50.86 and its 200-day simple moving average is $51.28. The firm has a market capitalization of $3.03 billion, a PE ratio of 24.72 and a beta of 0.69. NEOS S&P 500 High Income ETF has a 12 month low of $46.38 and a 12 month high of $52.78.

About NEOS S&P 500 High Income ETF

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.