M Holdings Securities Inc. Invests $659,000 in NEOS S&P 500 High Income ETF $SPYI

M Holdings Securities Inc. bought a new position in NEOS S&P 500 High Income ETF (BATS:SPYI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,458 shares of the company’s stock, valued at approximately $659,000.

A number of other large investors have also modified their holdings of SPYI. Oppenheimer Asset Management Inc. grew its position in NEOS S&P 500 High Income ETF by 61.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 26,955 shares of the company’s stock valued at $1,416,000 after acquiring an additional 10,301 shares in the last quarter. Ellis Investment Partners LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF during the fourth quarter valued at approximately $877,000. Aspen Investment Management Inc lifted its position in shares of NEOS S&P 500 High Income ETF by 133.3% during the fourth quarter. Aspen Investment Management Inc now owns 55,710 shares of the company’s stock worth $2,926,000 after purchasing an additional 31,830 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of NEOS S&P 500 High Income ETF by 69.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 78,664 shares of the company’s stock worth $4,132,000 after purchasing an additional 32,181 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of NEOS S&P 500 High Income ETF by 10.0% in the first quarter. Private Advisor Group LLC now owns 600,133 shares of the company’s stock valued at $29,629,000 after purchasing an additional 54,392 shares during the period.

NEOS S&P 500 High Income ETF Stock Performance

Shares of SPYI stock opened at $53.73 on Monday. The firm has a fifty day simple moving average of $53.28 and a 200-day simple moving average of $52.47. The company has a market capitalization of $4.44 billion, a PE ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a twelve month low of $47.77 and a twelve month high of $54.47.

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.