Axxcess Wealth Management LLC decreased its holdings in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 42.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,865 shares of the company’s stock after selling 6,588 shares during the quarter. Axxcess Wealth Management LLC’s holdings in NEOS S&P 500 High Income ETF were worth $445,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Traynor Capital Management Inc. grew its position in NEOS S&P 500 High Income ETF by 3.9% in the first quarter. Traynor Capital Management Inc. now owns 6,450 shares of the company’s stock worth $325,000 after buying an additional 242 shares during the last quarter. Willner & Heller LLC purchased a new position in NEOS S&P 500 High Income ETF during the 4th quarter worth approximately $761,000. Avantax Advisory Services Inc. purchased a new position in NEOS S&P 500 High Income ETF during the 1st quarter worth approximately $300,000. B. Riley Wealth Advisors Inc. purchased a new position in NEOS S&P 500 High Income ETF during the 4th quarter worth approximately $215,000. Finally, Claro Advisors LLC purchased a new position in NEOS S&P 500 High Income ETF during the 1st quarter worth approximately $761,000.
NEOS S&P 500 High Income ETF Stock Performance
BATS SPYI opened at $51.36 on Friday. The stock has a market cap of $1.30 billion, a PE ratio of 21.64 and a beta of 0.69. The business’s fifty day moving average price is $50.12 and its 200 day moving average price is $49.93.
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.
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