Compass Ion Advisors LLC Cuts Stake in NEOS S&P 500 High Income ETF (BATS:SPYI)

Compass Ion Advisors LLC lessened its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 13.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,323 shares of the company’s stock after selling 4,227 shares during the quarter. Compass Ion Advisors LLC owned 0.12% of NEOS S&P 500 High Income ETF worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SPYI. Stifel Financial Corp bought a new stake in NEOS S&P 500 High Income ETF during the 3rd quarter valued at about $4,481,000. Axxcess Wealth Management LLC purchased a new position in NEOS S&P 500 High Income ETF in the 3rd quarter worth approximately $219,000. Camarda Financial Advisors LLC bought a new position in NEOS S&P 500 High Income ETF in the 3rd quarter valued at approximately $2,777,000. Traynor Capital Management Inc. boosted its stake in NEOS S&P 500 High Income ETF by 29.6% during the 4th quarter. Traynor Capital Management Inc. now owns 6,208 shares of the company’s stock valued at $299,000 after purchasing an additional 1,418 shares during the last quarter. Finally, Gradient Investments LLC increased its holdings in shares of NEOS S&P 500 High Income ETF by 214.8% in the 4th quarter. Gradient Investments LLC now owns 264,027 shares of the company’s stock worth $12,726,000 after purchasing an additional 180,164 shares in the last quarter.

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

SPYI stock opened at $50.15 on Monday. The stock has a market capitalization of $1.27 billion, a PE ratio of 21.64 and a beta of 0.69. The business has a fifty day simple moving average of $49.64 and a two-hundred day simple moving average of $49.35.

NEOS S&P 500 High Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, May 24th. Shareholders of record on Thursday, May 23rd were given a $0.4997 dividend. The ex-dividend date was Wednesday, May 22nd.

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.