JPMorgan Chase & Co. Purchases New Holdings in NEOS S&P 500 High Income ETF (BATS:SPYI)

JPMorgan Chase & Co. bought a new stake in NEOS S&P 500 High Income ETF (BATS:SPYI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,826 shares of the company’s stock, valued at approximately $350,000.

Several other hedge funds and other institutional investors have also modified their holdings of SPYI. International Assets Investment Management LLC raised its position in NEOS S&P 500 High Income ETF by 5,381.7% during the third quarter. International Assets Investment Management LLC now owns 7,950,949 shares of the company’s stock valued at $407,327,000 after buying an additional 7,805,903 shares during the period. Brown Financial Advisors raised its stake in shares of NEOS S&P 500 High Income ETF by 2,856.6% during the 3rd 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. Private Advisor Group LLC lifted its holdings in shares of NEOS S&P 500 High Income ETF by 103.1% during the 3rd quarter. Private Advisor Group LLC now owns 133,541 shares of the company’s stock valued at $6,857,000 after buying an additional 67,805 shares during the last quarter. MML Investors Services LLC increased its holdings in NEOS S&P 500 High Income ETF by 50.6% in the third quarter. MML Investors Services LLC now owns 154,762 shares of the company’s stock worth $7,928,000 after buying an additional 51,981 shares during the last quarter. Finally, Paladin Wealth LLC acquired a new stake in NEOS S&P 500 High Income ETF in the third quarter valued at approximately $1,686,000.

NEOS S&P 500 High Income ETF Stock Performance

SPYI stock opened at $51.51 on Thursday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 21.64 and a beta of 0.69. The firm has a 50-day simple moving average of $51.76 and a two-hundred day simple moving average of $51.12.

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.