Readystate Asset Management LP Makes New Investment in NEOS S&P 500 High Income ETF $SPYI

Readystate Asset Management LP purchased a new stake in NEOS S&P 500 High Income ETF (BATS:SPYI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 41,995 shares of the company’s stock, valued at approximately $2,230,000. Readystate Asset Management LP owned approximately 0.05% of NEOS S&P 500 High Income ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Foguth Wealth Management LLC. lifted its stake in NEOS S&P 500 High Income ETF by 927.5% in the 1st quarter. Foguth Wealth Management LLC. now owns 1,214,307 shares of the company’s stock valued at $65,439,000 after purchasing an additional 1,096,123 shares during the last quarter. LPL Financial LLC grew its stake in shares of NEOS S&P 500 High Income ETF by 36.5% during the fourth quarter. LPL Financial LLC now owns 3,139,873 shares of the company’s stock worth $164,938,000 after buying an additional 839,220 shares during the last quarter. Royal Bank of Canada grew its stake in shares of NEOS S&P 500 High Income ETF by 80.6% during the fourth quarter. Royal Bank of Canada now owns 927,241 shares of the company’s stock worth $48,707,000 after buying an additional 413,801 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of NEOS S&P 500 High Income ETF during the first quarter worth $8,039,000. Finally, Sentinel Advisory Group LLC acquired a new position in shares of NEOS S&P 500 High Income ETF during the first quarter worth $7,495,000.

NEOS S&P 500 High Income ETF Stock Performance

Shares of SPYI opened at $53.86 on Tuesday. NEOS S&P 500 High Income ETF has a 52 week low of $47.77 and a 52 week high of $54.47. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. The stock has a fifty day moving average of $53.44 and a 200-day moving average of $52.53.

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.