Spire Wealth Management Acquires New Position in NEOS S&P 500 High Income ETF (BATS:SPYI)

Spire Wealth Management acquired a new stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,666 shares of the company’s stock, valued at approximately $999,000. Spire Wealth Management owned about 0.08% of NEOS S&P 500 High Income ETF as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC grew its position in shares of NEOS S&P 500 High Income ETF by 5,381.7% during the 3rd quarter. International Assets Investment Management LLC now owns 7,950,949 shares of the company’s stock valued at $407,327,000 after buying an additional 7,805,903 shares during the last quarter. Gradient Investments LLC grew its position in shares of NEOS S&P 500 High Income ETF by 24.4% during the 4th quarter. Gradient Investments LLC now owns 2,205,348 shares of the company’s stock valued at $112,076,000 after buying an additional 432,976 shares during the last quarter. Stifel Financial Corp boosted its stake in NEOS S&P 500 High Income ETF by 8.1% during the 3rd quarter. Stifel Financial Corp now owns 433,365 shares of the company’s stock valued at $22,201,000 after purchasing an additional 32,386 shares during the period. Brown Financial Advisors boosted its stake in NEOS S&P 500 High Income ETF by 2,856.6% during the 3rd 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 period. Finally, MML Investors Services LLC boosted its stake in NEOS S&P 500 High Income ETF by 50.6% during the 3rd quarter. MML Investors Services LLC now owns 154,762 shares of the company’s stock valued at $7,928,000 after purchasing an additional 51,981 shares during the period.

NEOS S&P 500 High Income ETF Price Performance

NEOS S&P 500 High Income ETF stock opened at $51.55 on Wednesday. The firm’s 50-day moving average price is $51.72 and its 200-day moving average price is $51.13. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 21.64 and a beta of 0.69.

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.