Avantax Advisory Services Inc. Boosts Stock Holdings in NEOS S&P 500 High Income ETF (BATS:SPYI)

Avantax Advisory Services Inc. increased its position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 152.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,232 shares of the company’s stock after purchasing an additional 12,233 shares during the period. Avantax Advisory Services Inc. owned approximately 0.08% of NEOS S&P 500 High Income ETF worth $1,028,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SPYI. Private Advisor Group LLC raised its holdings in 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 in the last quarter. Gradient Investments LLC raised its holdings in NEOS S&P 500 High Income ETF by 24.4% during the fourth quarter. Gradient Investments LLC now owns 2,205,348 shares of the company’s stock worth $112,076,000 after purchasing an additional 432,976 shares in the last quarter. Brown Financial Advisors raised its holdings in NEOS S&P 500 High Income ETF by 2,856.6% during the third quarter. Brown Financial Advisors now owns 164,448 shares of the company’s stock worth $8,425,000 after purchasing an additional 158,886 shares in the last quarter. Crescent Grove Advisors LLC raised its holdings in NEOS S&P 500 High Income ETF by 339.0% during the fourth quarter. Crescent Grove Advisors LLC now owns 125,059 shares of the company’s stock worth $6,355,000 after purchasing an additional 96,574 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new position in NEOS S&P 500 High Income ETF during the fourth quarter worth about $2,985,000.

NEOS S&P 500 High Income ETF Stock Down 3.5 %

BATS SPYI opened at $48.89 on Thursday. The firm has a 50-day moving average price of $50.86 and a 200 day moving average price of $51.28. NEOS S&P 500 High Income ETF has a 52-week low of $46.38 and a 52-week high of $52.78. The stock has a market capitalization of $3.03 billion, a P/E ratio of 24.72 and a beta of 0.69.

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.