IFP Advisors Inc Has $975,000 Stock Position in NEOS S&P 500 High Income ETF (BATS:SPYI)

IFP Advisors Inc boosted its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 373.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,192 shares of the company’s stock after purchasing an additional 15,140 shares during the quarter. IFP Advisors Inc’s holdings in NEOS S&P 500 High Income ETF were worth $975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Montag A & Associates Inc. boosted its holdings in shares of NEOS S&P 500 High Income ETF by 27.8% in the 4th quarter. Montag A & Associates Inc. now owns 1,194 shares of the company’s stock valued at $61,000 after purchasing an additional 260 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of NEOS S&P 500 High Income ETF by 176.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,800 shares of the company’s stock worth $92,000 after buying an additional 1,150 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of NEOS S&P 500 High Income ETF by 503.2% during the 3rd quarter. Continuum Advisory LLC now owns 2,419 shares of the company’s stock worth $127,000 after buying an additional 2,018 shares during the last quarter. MCF Advisors LLC boosted its stake in NEOS S&P 500 High Income ETF by 2,548.3% in the fourth quarter. MCF Advisors LLC now owns 3,072 shares of the company’s stock valued at $156,000 after buying an additional 2,956 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in NEOS S&P 500 High Income ETF in the fourth quarter valued at about $160,000.

NEOS S&P 500 High Income ETF Stock Performance

BATS SPYI opened at $49.95 on Friday. The firm has a market cap of $3.00 billion, a P/E ratio of 26.80 and a beta of 0.70. The firm’s fifty day moving average price is $51.52 and its two-hundred day moving average price is $51.41.

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.