SteelPeak Wealth LLC Has $1.60 Million Holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

SteelPeak Wealth LLC grew its stake in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 16.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,670 shares of the company’s stock after buying an additional 5,120 shares during the period. SteelPeak Wealth LLC’s holdings in ProShares S&P 500 High Income ETF were worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of ISPY. Hennion & Walsh Asset Management Inc. increased its position in shares of ProShares S&P 500 High Income ETF by 10.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 933,029 shares of the company’s stock valued at $41,818,000 after purchasing an additional 88,146 shares during the period. Raymond James & Associates increased its stake in ProShares S&P 500 High Income ETF by 557.1% in the third quarter. Raymond James & Associates now owns 585,463 shares of the company’s stock valued at $26,240,000 after acquiring an additional 496,359 shares during the period. Howard Capital Management Inc. acquired a new position in ProShares S&P 500 High Income ETF in the second quarter worth about $3,107,000. PFG Investments LLC lifted its stake in ProShares S&P 500 High Income ETF by 55.9% during the third quarter. PFG Investments LLC now owns 58,469 shares of the company’s stock worth $2,621,000 after purchasing an additional 20,965 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in ProShares S&P 500 High Income ETF during the second quarter valued at approximately $1,792,000.

ProShares S&P 500 High Income ETF Trading Down 0.4 %

ISPY stock opened at $44.94 on Thursday. ProShares S&P 500 High Income ETF has a 1-year low of $39.61 and a 1-year high of $45.63. The business’s 50 day moving average is $44.19 and its 200-day moving average is $43.21. The firm has a market cap of $103.81 million, a P/E ratio of 24.03 and a beta of 0.87.

ProShares S&P 500 High Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, September 3rd were given a $0.6198 dividend. This is a boost from ProShares S&P 500 High Income ETF’s previous dividend of $0.45. The ex-dividend date of this dividend was Tuesday, September 3rd.

ProShares S&P 500 High Income ETF Company Profile

The ProShares S&P 500 High Income ETF (ISPY) is an exchange-traded fund that is based on the S&P 500 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on the stocks of the S&P 500 Index. The fund seeks generate a high level of income combined with the performance returns of the S&P 500 Index over the long term.