Traynor Capital Management Inc. Buys 1,418 Shares of NEOS S&P 500 High Income ETF (BATS:SPYI)

Traynor Capital Management Inc. increased its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 29.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,208 shares of the company’s stock after buying an additional 1,418 shares during the quarter. Traynor Capital Management Inc. owned 0.16% of NEOS S&P 500 High Income ETF worth $299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stifel Financial Corp bought a new position in NEOS S&P 500 High Income ETF in the 3rd quarter valued at $4,481,000. Camarda Financial Advisors LLC bought a new stake in shares of NEOS S&P 500 High Income ETF during the third quarter worth $2,777,000. Crescent Grove Advisors LLC bought a new stake in shares of NEOS S&P 500 High Income ETF during the third quarter worth $1,430,000. J2 Capital Management Inc bought a new stake in shares of NEOS S&P 500 High Income ETF during the third quarter worth $1,183,000. Finally, Compass Ion Advisors LLC raised its position in shares of NEOS S&P 500 High Income ETF by 60.2% during the third quarter. Compass Ion Advisors LLC now owns 34,775 shares of the company’s stock worth $1,633,000 after acquiring an additional 13,072 shares during the last quarter.

NEOS S&P 500 High Income ETF Stock Up 0.0 %

Shares of NEOS S&P 500 High Income ETF stock traded up $0.02 during trading on Friday, reaching $50.36. 414,168 shares of the company were exchanged. The business’s fifty day simple moving average is $49.61 and its 200-day simple moving average is $48.31. The stock has a market cap of $193.89 million, a price-to-earnings ratio of 19.64 and a beta of 0.79.

NEOS S&P 500 High Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, March 21st were paid a dividend of $0.5014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This is a boost from NEOS S&P 500 High Income ETF’s previous dividend of $0.48.

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.