NEOS S&P 500 High Income ETF (BATS:SPYI) Stock Passes Above 200-Day Moving Average – Should You Sell?

NEOS S&P 500 High Income ETF (BATS:SPYI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $50.73 and traded as high as $52.66. NEOS S&P 500 High Income ETF shares last traded at $52.56, with a volume of 769,015 shares traded.

NEOS S&P 500 High Income ETF Price Performance

The firm’s fifty day moving average is $51.73 and its 200 day moving average is $50.75. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 21.64 and a beta of 0.69.

Hedge Funds Weigh In On NEOS S&P 500 High Income ETF

A number of hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its holdings 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. Lee Johnson Capital Management LLC acquired a new stake in NEOS S&P 500 High Income ETF in the second quarter valued at approximately $32,185,000. LPL Financial LLC grew its position in NEOS S&P 500 High Income ETF by 47.4% in the second quarter. LPL Financial LLC now owns 671,598 shares of the company’s stock worth $33,681,000 after acquiring an additional 215,854 shares in the last quarter. Brown Financial Advisors increased its stake in shares of 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 worth $8,425,000 after purchasing an additional 158,886 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of NEOS S&P 500 High Income ETF by 103.1% during the 3rd quarter. Private Advisor Group LLC now owns 133,541 shares of the company’s stock valued at $6,857,000 after purchasing an additional 67,805 shares in the last quarter.

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.