Clearstead Advisors Increases Stake in NEOS Enhanced Income Credit ETF

Clearstead Advisors LLC has boosted its investment in the NEOS Enhanced Income Credit Select ETF (NASDAQ: HYBI) by 6.6% during the third quarter of 2024. This increase was confirmed in its latest filing with the Securities and Exchange Commission. Following the acquisition of an additional 48,993 shares, Clearstead Advisors now holds 793,000 shares, representing 23.32% of the ETF, valued at approximately $40.2 million.

Several other institutional investors have also adjusted their positions in HYBI. CWM LLC established a new stake in the ETF during the second quarter, investing $56,000. Meanwhile, World Equity Group Inc. increased its holdings by 6.8% during the third quarter, resulting in ownership of 4,582 shares worth about $232,000 after acquiring an additional 290 shares.

Bessemer Group Inc. also entered the market, acquiring a new position in HYBI during the second quarter valued at approximately $760,000. In addition, Brookwood Investment Group LLC significantly raised its stake by 138.8%, now owning 12,905 shares valued at $651,000 after purchasing an additional 7,501 shares. Finally, Jane Street Group LLC increased its holdings by 23.0% in the first quarter, now holding 58,031 shares worth around $2.9 million.

Current Trading Status and Dividend Announcement

As of Monday, shares of HYBI opened at $50.29. The ETF has experienced a 52-week low of $46.95 and a high of $51.68. The 50-day simple moving average stands at $50.35, while the 200-day simple moving average is at $50.48.

The NEOS Enhanced Income Credit Select ETF also announced a recent dividend payment of $0.3379 per share, which was distributed to stockholders on February 13, 2024. The ex-dividend date for this payment was February 11, 2024.

About NEOS Enhanced Income Credit Select ETF

The NEOS Enhanced Income Credit Select ETF (HYBI) is an actively managed fund that primarily invests in broad credit fixed income. The fund employs a strategy of investing in U.S. bonds through exchange-traded funds while utilizing S&P 500 put options to generate tax-efficient monthly income. It aims to create a balanced portfolio that includes both high-yield and investment-grade securities, targeting total return. The ETF was launched on September 30, 2024, and is managed by NEOS.

For those interested in the latest movements and holdings in the ETF, detailed information on hedge funds and their positions can be accessed through platforms like HoldingsChannel.com.