Triumph Capital Management Makes New Investment in NEOS Enhanced Income Credit Select ETF $HYBI

Triumph Capital Management bought a new stake in shares of NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,779 shares of the company’s stock, valued at approximately $826,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. World Equity Group Inc. lifted its stake in NEOS Enhanced Income Credit Select ETF by 36.7% in the second quarter. World Equity Group Inc. now owns 5,985 shares of the company’s stock worth $295,000 after acquiring an additional 1,608 shares during the period. Kestra Advisory Services LLC increased its position in shares of NEOS Enhanced Income Credit Select ETF by 5.3% during the first quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock valued at $615,000 after buying an additional 623 shares during the period. Janney Montgomery Scott LLC raised its stake in NEOS Enhanced Income Credit Select ETF by 9.9% in the first quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock worth $794,000 after buying an additional 1,440 shares in the last quarter. RFG Advisory LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 9.1% in the first quarter. RFG Advisory LLC now owns 35,365 shares of the company’s stock worth $1,750,000 after buying an additional 2,948 shares during the period. Finally, Ieq Capital LLC boosted its position in NEOS Enhanced Income Credit Select ETF by 0.7% during the 4th quarter. Ieq Capital LLC now owns 44,224 shares of the company’s stock valued at $2,226,000 after acquiring an additional 294 shares in the last quarter.

NEOS Enhanced Income Credit Select ETF Stock Down 0.3%

NEOS Enhanced Income Credit Select ETF stock opened at $48.88 on Wednesday. NEOS Enhanced Income Credit Select ETF has a fifty-two week low of $48.69 and a fifty-two week high of $51.17. The stock’s 50 day simple moving average is $49.08 and its two-hundred day simple moving average is $49.41.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Wednesday, August 12th were paid a $0.3291 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date was Wednesday, August 12th.

NEOS Enhanced Income Credit Select ETF Profile

The NEOS Enhanced Income Credit Select ETF (HYBI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds, investing in US bonds via ETFs and using S&P 500 put options for tax-efficient monthly income. The fund seeks to balance investments in high-yield and investment-grade securities, aiming for total return. HYBI was launched on Sep 30, 2024 and is issued by Neos.