Traynor Capital Management Inc. reduced its stake in NEOS S&P 500 High Income ETF (BATS:SPYI – Free Report) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,654 shares of the company’s stock after selling 600 shares during the quarter. Traynor Capital Management Inc.’s holdings in NEOS S&P 500 High Income ETF were worth $237,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in shares of NEOS S&P 500 High Income ETF by 38.8% in the 3rd quarter. HighTower Advisors LLC now owns 21,382 shares of the company’s stock valued at $1,099,000 after buying an additional 5,980 shares in the last quarter. Jane Street Group LLC boosted its holdings in NEOS S&P 500 High Income ETF by 15.5% in the third quarter. Jane Street Group LLC now owns 39,591 shares of the company’s stock valued at $2,028,000 after acquiring an additional 5,299 shares during the last quarter. Cetera Investment Advisers raised its stake in NEOS S&P 500 High Income ETF by 104.8% during the second quarter. Cetera Investment Advisers now owns 20,150 shares of the company’s stock worth $1,011,000 after buying an additional 10,312 shares during the last quarter. US Bancorp DE lifted its stake in shares of NEOS S&P 500 High Income ETF by 49.6% in the 3rd quarter. US Bancorp DE now owns 6,000 shares of the company’s stock valued at $307,000 after purchasing an additional 1,990 shares during the period. Finally, Stifel Financial Corp grew its stake in NEOS S&P 500 High Income ETF by 8.1% during the third quarter. Stifel Financial Corp now owns 433,365 shares of the company’s stock worth $22,201,000 after purchasing an additional 32,386 shares during the period.
NEOS S&P 500 High Income ETF Stock Up 2.2 %
SPYI stock opened at $51.78 on Friday. The stock’s 50-day moving average is $51.81 and its 200-day moving average is $51.10. The company has a market cap of $1.31 billion, a PE ratio of 21.64 and a beta of 0.69.
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.
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