Palacios Wealth Management LLC Purchases New Position in NEOS S&P 500 High Income ETF (BATS:SPYI)

Palacios Wealth Management LLC purchased a new stake in NEOS S&P 500 High Income ETF (BATS:SPYI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 51,839 shares of the company’s stock, valued at approximately $2,659,000. NEOS S&P 500 High Income ETF makes up approximately 2.9% of Palacios Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CAP Partners LLC boosted its holdings in NEOS S&P 500 High Income ETF by 7.8% in the fourth quarter. CAP Partners LLC now owns 20,412 shares of the company’s stock valued at $1,037,000 after purchasing an additional 1,471 shares in the last quarter. Paladin Wealth LLC boosted its holdings in shares of NEOS S&P 500 High Income ETF by 36.8% in the fourth quarter. Paladin Wealth LLC now owns 45,023 shares of the company’s stock valued at $2,288,000 after acquiring an additional 12,121 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in shares of NEOS S&P 500 High Income ETF by 49.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 40,574 shares of the company’s stock valued at $2,062,000 after acquiring an additional 13,452 shares during the period. Moloney Securities Asset Management LLC boosted its holdings in shares of NEOS S&P 500 High Income ETF by 52.3% in the fourth quarter. Moloney Securities Asset Management LLC now owns 19,217 shares of the company’s stock valued at $977,000 after acquiring an additional 6,596 shares during the period. Finally, Apollon Wealth Management LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $1,147,000.

NEOS S&P 500 High Income ETF Price Performance

SPYI stock opened at $52.18 on Friday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 21.64 and a beta of 0.69. The company has a fifty day moving average price of $51.65 and a 200 day moving average price of $51.20.

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.