Delta Investment Management LLC Buys 2,173 Shares of NEOS S&P 500 High Income ETF (BATS:SPYI)

Delta Investment Management LLC raised its stake in NEOS S&P 500 High Income ETF (BATS:SPYI) by 6.9% in the 4th quarter, HoldingsChannel reports. The firm owned 33,602 shares of the company’s stock after acquiring an additional 2,173 shares during the quarter. Delta Investment Management LLC’s holdings in NEOS S&P 500 High Income ETF were worth $1,620,000 as of its most recent SEC filing.

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

NEOS S&P 500 High Income ETF Trading Up 1.0 %

BATS:SPYI opened at $48.80 on Friday. The stock’s 50 day simple moving average is $49.65 and its 200-day simple moving average is $48.54. The company has a market capitalization of $1.06 billion, a P/E ratio of 21.42 and a beta of 0.67.

NEOS S&P 500 High Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 21st were given a dividend of $0.5014 per share. The ex-dividend date 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.