Independent Financial Group LLC Acquires New Stake in NEOS S&P 500 High Income ETF $SPYI

Independent Financial Group LLC bought a new position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 162,833 shares of the company’s stock, valued at approximately $8,039,000. Independent Financial Group LLC owned approximately 0.20% of NEOS S&P 500 High Income ETF at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Helium Advisors LLC purchased a new position in NEOS S&P 500 High Income ETF during the 1st quarter valued at about $267,000. NFSG Corp increased its stake in NEOS S&P 500 High Income ETF by 2.6% during the first quarter. NFSG Corp now owns 79,695 shares of the company’s stock worth $3,935,000 after purchasing an additional 2,035 shares during the period. Sanctuary Advisors LLC increased its stake in NEOS S&P 500 High Income ETF by 77.2% during the first quarter. Sanctuary Advisors LLC now owns 25,302 shares of the company’s stock worth $1,249,000 after purchasing an additional 11,021 shares during the period. Sigma Planning Corp lifted its position in shares of NEOS S&P 500 High Income ETF by 36.0% during the first quarter. Sigma Planning Corp now owns 55,233 shares of the company’s stock worth $2,727,000 after purchasing an additional 14,612 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its position in shares of NEOS S&P 500 High Income ETF by 19.7% during the first quarter. HBW Advisory Services LLC now owns 96,087 shares of the company’s stock worth $4,744,000 after purchasing an additional 15,827 shares in the last quarter.

NEOS S&P 500 High Income ETF Stock Performance

BATS SPYI opened at $53.53 on Friday. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. The firm has a 50 day simple moving average of $53.24 and a 200-day simple moving average of $52.33. NEOS S&P 500 High Income ETF has a one year low of $47.77 and a one year high of $54.11.

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.