Triumph Capital Management Invests $1.06 Million in NEOS S&P 500 High Income ETF (BATS:SPYI)

Triumph Capital Management purchased a new position in NEOS S&P 500 High Income ETF (BATS:SPYI) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 22,072 shares of the company’s stock, valued at approximately $1,064,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Investment Advisory Services LLC bought a new position in NEOS S&P 500 High Income ETF during the fourth quarter worth about $40,000. CWM LLC bought a new position in NEOS S&P 500 High Income ETF during the fourth quarter worth about $100,000. Axxcess Wealth Management LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF in the third quarter valued at about $219,000. Truist Financial Corp acquired a new stake in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at about $261,000. Finally, RFG Advisory LLC acquired a new stake in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at about $297,000.

NEOS S&P 500 High Income ETF Stock Performance

Shares of BATS:SPYI traded down $0.76 during midday trading on Wednesday, reaching $48.18. The company had a trading volume of 433,972 shares. The company’s fifty day moving average is $49.60 and its 200 day moving average is $48.56. The firm has a market capitalization of $1.16 billion, a PE ratio of 21.14 and a beta of 0.69.

NEOS S&P 500 High Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, March 21st were given a dividend of $0.5014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This is an increase from NEOS S&P 500 High Income ETF’s previous dividend of $0.48.

NEOS S&P 500 High Income ETF Company 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.