CAP Partners LLC Buys 3,052 Shares of NEOS S&P 500 High Income ETF (BATS:SPYI)

Posted by Faye Duncan on Jul 3rd, 2024

CAP Partners LLC raised its stake in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 50.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,108 shares of the company’s stock after purchasing an additional 3,052 shares during the quarter. CAP Partners LLC’s holdings in NEOS S&P 500 High Income ETF were worth $459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Claro Advisors LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the first quarter valued at approximately $761,000. Cascade Wealth Advisors Inc bought a new position in shares of NEOS S&P 500 High Income ETF during the first quarter valued at approximately $3,337,000. Traynor Capital Management Inc. grew its stake in NEOS S&P 500 High Income ETF by 3.9% in the first quarter. Traynor Capital Management Inc. now owns 6,450 shares of the company’s stock worth $325,000 after purchasing an additional 242 shares during the period. High Net Worth Advisory Group LLC purchased a new stake in NEOS S&P 500 High Income ETF in the first quarter worth $443,000. Finally, Unique Wealth LLC purchased a new stake in NEOS S&P 500 High Income ETF in the first quarter worth $5,130,000.

NEOS S&P 500 High Income ETF Trading Up 0.5 %

SPYI stock traded up $0.23 during midday trading on Tuesday, hitting $50.51. The stock had a trading volume of 534,204 shares. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 21.64 and a beta of 0.69. The stock’s 50-day moving average price is $49.71 and its 200-day moving average price is $49.38.

NEOS S&P 500 High Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, May 24th. Investors of record on Thursday, May 23rd were paid a $0.4997 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd.

NEOS S&P 500 High Income ETF Company Profile

(Free Report)

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.