CAP Partners LLC Increases Holdings in NEOS S&P 500 High Income ETF (BATS:SPYI)

Posted by Karen Miller on Jul 3rd, 2024

CAP Partners LLC increased its stake in shares of NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 50.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,108 shares of the company’s stock after buying 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 reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SPYI. Traynor Capital Management Inc. increased its stake in NEOS S&P 500 High Income ETF by 3.9% during the first quarter. Traynor Capital Management Inc. now owns 6,450 shares of the company’s stock worth $325,000 after acquiring an additional 242 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new stake in NEOS S&P 500 High Income ETF during the fourth quarter worth $40,000. CWM LLC acquired a new stake in NEOS S&P 500 High Income ETF during the fourth quarter worth $100,000. Delta Investment Management LLC increased its stake in NEOS S&P 500 High Income ETF by 6.9% during the fourth quarter. Delta Investment Management LLC now owns 33,602 shares of the company’s stock worth $1,620,000 after acquiring an additional 2,173 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in NEOS S&P 500 High Income ETF during the fourth quarter worth $215,000.

NEOS S&P 500 High Income ETF Price Performance

SPYI stock traded up $0.23 during midday trading on Tuesday, hitting $50.51. 534,204 shares of the company’s stock were exchanged. The company’s fifty day simple moving average is $49.71 and its 200-day simple moving average is $49.38. The stock has a market capitalization of $1.27 billion, a PE ratio of 21.64 and a beta of 0.69.

NEOS S&P 500 High Income ETF Cuts Dividend

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

About NEOS S&P 500 High Income ETF

(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.