Brown Financial Advisors Increases Position in NEOS S&P 500 High Income ETF (BATS:SPYI)

Brown Financial Advisors increased its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 20.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 198,198 shares of the company’s stock after acquiring an additional 33,750 shares during the period. NEOS S&P 500 High Income ETF comprises about 4.0% of Brown Financial Advisors’ holdings, making the stock its 2nd largest holding. Brown Financial Advisors’ holdings in NEOS S&P 500 High Income ETF were worth $10,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Quartz Partners LLC raised its holdings in NEOS S&P 500 High Income ETF by 29.9% during the 4th quarter. Quartz Partners LLC now owns 7,039 shares of the company’s stock valued at $358,000 after buying an additional 1,620 shares during the last quarter. IFP Advisors Inc increased its position in shares of NEOS S&P 500 High Income ETF by 373.6% in the fourth quarter. IFP Advisors Inc now owns 19,192 shares of the company’s stock valued at $975,000 after acquiring an additional 15,140 shares during the period. World Equity Group Inc. bought a new position in shares of NEOS S&P 500 High Income ETF during the fourth quarter valued at about $879,000. Private Advisor Group LLC boosted its holdings in shares of NEOS S&P 500 High Income ETF by 397.8% during the fourth quarter. Private Advisor Group LLC now owns 664,748 shares of the company’s stock worth $33,783,000 after purchasing an additional 531,207 shares during the period. Finally, Steele Capital Management Inc. bought a new stake in shares of NEOS S&P 500 High Income ETF in the fourth quarter worth about $1,499,000.

NEOS S&P 500 High Income ETF Stock Performance

Shares of BATS:SPYI opened at $51.41 on Tuesday. The firm’s 50-day simple moving average is $51.58 and its 200-day simple moving average is $51.40. The stock has a market cap of $3.08 billion, a P/E ratio of 26.80 and a beta of 0.70.

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.