Dynamic Advisor Solutions LLC Invests $239,000 in NEOS S&P 500 High Income ETF (BATS:SPYI)

Dynamic Advisor Solutions LLC purchased a new position in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,695 shares of the company’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. HighTower Advisors LLC lifted its stake in NEOS S&P 500 High Income ETF by 38.8% in the third quarter. HighTower Advisors LLC now owns 21,382 shares of the company’s stock valued at $1,099,000 after acquiring an additional 5,980 shares during the last quarter. Jane Street Group LLC raised its holdings in NEOS S&P 500 High Income ETF by 15.5% during the third quarter. Jane Street Group LLC now owns 39,591 shares of the company’s stock valued at $2,028,000 after buying an additional 5,299 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of NEOS S&P 500 High Income ETF by 104.8% during the 2nd quarter. Cetera Investment Advisers now owns 20,150 shares of the company’s stock worth $1,011,000 after acquiring an additional 10,312 shares in the last quarter. US Bancorp DE boosted its position in NEOS S&P 500 High Income ETF by 49.6% during the third quarter. US Bancorp DE now owns 6,000 shares of the company’s stock worth $307,000 after purchasing an additional 1,990 shares during the period. Finally, Stifel Financial Corp raised its position in shares of NEOS S&P 500 High Income ETF by 8.1% in the third quarter. Stifel Financial Corp now owns 433,365 shares of the company’s stock valued at $22,201,000 after purchasing an additional 32,386 shares during the period.

NEOS S&P 500 High Income ETF Trading Up 1.8 %

BATS SPYI opened at $51.58 on Wednesday. The company has a market cap of $1.30 billion, a P/E ratio of 21.64 and a beta of 0.69. The business’s 50-day moving average price is $51.77 and its two-hundred day moving average price is $51.12.

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.