Crescent Grove Advisors LLC Buys 96,574 Shares of NEOS S&P 500 High Income ETF (BATS:SPYI)

Crescent Grove Advisors LLC increased its position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 339.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,059 shares of the company’s stock after buying an additional 96,574 shares during the quarter. Crescent Grove Advisors LLC owned 0.50% of NEOS S&P 500 High Income ETF worth $6,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in NEOS S&P 500 High Income ETF by 95.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 42,417 shares of the company’s stock valued at $2,127,000 after buying an additional 20,661 shares during the period. Northeast Financial Consultants Inc bought a new stake in NEOS S&P 500 High Income ETF in the second quarter valued at about $489,000. B. Riley Wealth Advisors Inc. acquired a new position in NEOS S&P 500 High Income ETF in the second quarter worth about $997,000. Truist Financial Corp lifted its stake in NEOS S&P 500 High Income ETF by 29.5% during the second quarter. Truist Financial Corp now owns 35,310 shares of the company’s stock worth $1,771,000 after purchasing an additional 8,052 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in NEOS S&P 500 High Income ETF by 104.8% during the second quarter. Cetera Investment Advisers now owns 20,150 shares of the company’s stock valued at $1,011,000 after purchasing an additional 10,312 shares in the last quarter.

NEOS S&P 500 High Income ETF Stock Performance

SPYI stock opened at $51.74 on Friday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 21.64 and a beta of 0.69. The firm has a fifty day moving average of $51.79 and a 200 day moving average of $51.11.

NEOS S&P 500 High Income ETF 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.