NEOS S&P 500 High Income ETF (BATS:SPYI) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

NEOS S&P 500 High Income ETF (BATS:SPYI)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.58 and traded as high as $52.20. NEOS S&P 500 High Income ETF shares last traded at $52.05, with a volume of 866,609 shares trading hands.

NEOS S&P 500 High Income ETF Stock Up 0.2 %

The company has a fifty day moving average price of $51.50 and a 200 day moving average price of $50.58. The stock has a market cap of $1.31 billion, a PE ratio of 21.64 and a beta of 0.69.

Hedge Funds Weigh In On NEOS S&P 500 High Income ETF

A number of large investors have recently bought and sold shares of SPYI. International Assets Investment Management LLC grew its holdings in shares of NEOS S&P 500 High Income ETF by 5,381.7% in the third quarter. International Assets Investment Management LLC now owns 7,950,949 shares of the company’s stock worth $407,327,000 after purchasing an additional 7,805,903 shares during the last quarter. Lee Johnson Capital Management LLC bought a new stake in NEOS S&P 500 High Income ETF in the 2nd quarter worth $32,185,000. LPL Financial LLC grew its holdings in NEOS S&P 500 High Income ETF by 47.4% in the 2nd quarter. LPL Financial LLC now owns 671,598 shares of the company’s stock worth $33,681,000 after acquiring an additional 215,854 shares during the last quarter. Brown Financial Advisors increased its position in shares of NEOS S&P 500 High Income ETF by 2,856.6% in the third quarter. Brown Financial Advisors now owns 164,448 shares of the company’s stock valued at $8,425,000 after acquiring an additional 158,886 shares during the period. Finally, Private Advisor Group LLC raised its stake in shares of NEOS S&P 500 High Income ETF by 103.1% during the third quarter. Private Advisor Group LLC now owns 133,541 shares of the company’s stock valued at $6,857,000 after acquiring an additional 67,805 shares during the last quarter.

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.