Traynor Capital Management Inc. Raises Stock Position in NEOS S&P 500 High Income ETF (BATS:SPYI)

Traynor Capital Management Inc. boosted its holdings in shares of NEOS S&P 500 High Income ETF (BATS:SPYI) by 3.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,450 shares of the company’s stock after buying an additional 242 shares during the quarter. Traynor Capital Management Inc.’s holdings in NEOS S&P 500 High Income ETF were worth $325,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Capital Investment Advisory Services LLC purchased a new position in NEOS S&P 500 High Income ETF during the fourth quarter valued at approximately $40,000. CWM LLC acquired a new stake in NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $100,000. Delta Investment Management LLC boosted its stake in NEOS S&P 500 High Income ETF by 6.9% in the fourth quarter. Delta Investment Management LLC now owns 33,602 shares of the company’s stock valued at $1,620,000 after acquiring an additional 2,173 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $215,000. Finally, Axxcess Wealth Management LLC acquired a new stake in NEOS S&P 500 High Income ETF in the third quarter valued at approximately $219,000.

NEOS S&P 500 High Income ETF Trading Down 0.1 %

Shares of SPYI opened at $50.52 on Tuesday. The firm has a market capitalization of $1.27 billion, a P/E ratio of 21.64 and a beta of 0.69. The company has a fifty day moving average price of $49.49 and a 200 day moving average price of $49.29.

NEOS S&P 500 High Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, May 24th. Shareholders 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 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.