Cascade Wealth Advisors Inc Acquires 9,521 Shares of NEOS S&P 500 High Income ETF $SPYI

Cascade Wealth Advisors Inc grew its position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 3.0% during the fourth quarter, HoldingsChannel reports. The firm owned 329,951 shares of the company’s stock after buying an additional 9,521 shares during the period. NEOS S&P 500 High Income ETF accounts for approximately 8.0% of Cascade Wealth Advisors Inc’s holdings, making the stock its largest holding. Cascade Wealth Advisors Inc’s holdings in NEOS S&P 500 High Income ETF were worth $17,441,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SPYI. World Investment Advisors bought a new stake in shares of NEOS S&P 500 High Income ETF in the fourth quarter worth $220,000. Meridian Wealth Management LLC acquired a new position in shares of NEOS S&P 500 High Income ETF during the fourth quarter valued at $367,000. KLCM Advisors Inc. acquired a new position in shares of NEOS S&P 500 High Income ETF during the fourth quarter valued at $228,000. MADDEN SECURITIES Corp boosted its holdings in shares of NEOS S&P 500 High Income ETF by 20.7% during the fourth quarter. MADDEN SECURITIES Corp now owns 426,007 shares of the company’s stock valued at $22,378,000 after acquiring an additional 73,152 shares during the period. Finally, NewEdge Wealth LLC lifted its holdings in NEOS S&P 500 High Income ETF by 2.4% in the fourth quarter. NewEdge Wealth LLC now owns 13,053 shares of the company’s stock worth $686,000 after purchasing an additional 300 shares during the period.

NEOS S&P 500 High Income ETF Stock Down 0.1%

SPYI stock opened at $53.46 on Wednesday. The company has a market capitalization of $4.42 billion, a P/E ratio of 25.58 and a beta of 0.71. The company has a 50-day simple moving average of $51.22 and a 200 day simple moving average of $52.10. NEOS S&P 500 High Income ETF has a fifty-two week low of $47.77 and a fifty-two week high of $53.56.

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. SPYI was launched on Aug 30, 2022 and is managed by Neos.