Mid American Wealth Advisory Group Inc. Acquires 34,898 Shares of NEOS S&P 500 High Income ETF $SPYI

Mid American Wealth Advisory Group Inc. boosted its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI) by 43.9% in the third quarter, Holdings Channel reports. The institutional investor owned 114,376 shares of the company’s stock after acquiring an additional 34,898 shares during the quarter. NEOS S&P 500 High Income ETF accounts for approximately 1.9% of Mid American Wealth Advisory Group Inc.’s investment portfolio, making the stock its 12th biggest holding. Mid American Wealth Advisory Group Inc.’s holdings in NEOS S&P 500 High Income ETF were worth $6,081,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Magnus Financial Group LLC lifted its position in shares of NEOS S&P 500 High Income ETF by 104.8% during the third quarter. Magnus Financial Group LLC now owns 15,693 shares of the company’s stock worth $834,000 after acquiring an additional 8,031 shares in the last quarter. Grantvest Financial Group LLC boosted its holdings in shares of NEOS S&P 500 High Income ETF by 11.6% in the third quarter. Grantvest Financial Group LLC now owns 46,391 shares of the company’s stock worth $2,467,000 after acquiring an additional 4,822 shares during the period. Axxcess Wealth Management LLC boosted its holdings in shares of NEOS S&P 500 High Income ETF by 65.9% in the third quarter. Axxcess Wealth Management LLC now owns 37,161 shares of the company’s stock worth $1,976,000 after acquiring an additional 14,762 shares during the period. Ellis Investment Partners LLC grew its position in shares of NEOS S&P 500 High Income ETF by 6.9% in the third quarter. Ellis Investment Partners LLC now owns 60,320 shares of the company’s stock valued at $3,207,000 after purchasing an additional 3,909 shares in the last quarter. Finally, Atticus Wealth Management LLC purchased a new position in shares of NEOS S&P 500 High Income ETF in the third quarter valued at $449,000.

NEOS S&P 500 High Income ETF Stock Performance

Shares of BATS SPYI opened at $53.41 on Thursday. NEOS S&P 500 High Income ETF has a fifty-two week low of $47.77 and a fifty-two week high of $54.47. The stock has a market cap of $4.41 billion, a PE ratio of 25.58 and a beta of 0.71. The stock has a fifty day moving average of $53.62 and a 200-day moving average of $53.14.

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.