Herbst Group LLC Invests $1.75 Million in NEOS S&P 500 High Income ETF $SPYI

Herbst Group LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 33,044 shares of the company’s stock, valued at approximately $1,754,000.

Other hedge funds have also recently modified their holdings of the company. BCS Wealth Management raised its position in shares of NEOS S&P 500 High Income ETF by 157.0% during the 4th quarter. BCS Wealth Management now owns 20,030 shares of the company’s stock valued at $1,052,000 after buying an additional 12,237 shares during the period. Apollon Wealth Management LLC grew its position in NEOS S&P 500 High Income ETF by 135.5% in the fourth quarter. Apollon Wealth Management LLC now owns 114,601 shares of the company’s stock worth $6,020,000 after acquiring an additional 65,935 shares during the period. Merit Financial Group LLC grew its position in NEOS S&P 500 High Income ETF by 3.9% in the fourth quarter. Merit Financial Group LLC now owns 425,441 shares of the company’s stock worth $22,348,000 after acquiring an additional 15,919 shares during the period. AE Wealth Management LLC increased its stake in NEOS S&P 500 High Income ETF by 885.4% during the fourth quarter. AE Wealth Management LLC now owns 49,840 shares of the company’s stock worth $2,618,000 after acquiring an additional 44,782 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in NEOS S&P 500 High Income ETF by 61.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 26,955 shares of the company’s stock worth $1,416,000 after acquiring an additional 10,301 shares during the last quarter.

NEOS S&P 500 High Income ETF Price Performance

BATS:SPYI opened at $54.18 on Monday. NEOS S&P 500 High Income ETF has a 52 week low of $47.77 and a 52 week high of $54.25. The stock’s fifty day moving average is $53.08 and its two-hundred day moving average is $52.34. The company has a market capitalization of $4.47 billion, a P/E ratio of 25.58 and a beta of 0.71.

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.