SteelPeak Wealth LLC Increases Stock Position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

SteelPeak Wealth LLC increased its position in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 35,950 shares of the company’s stock after buying an additional 280 shares during the period. SteelPeak Wealth LLC’s holdings in ProShares S&P 500 High Income ETF were worth $1,592,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in shares of ProShares S&P 500 High Income ETF by 557.1% during 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 in the last quarter. Capital Investment Advisors LLC acquired a new stake in ProShares S&P 500 High Income ETF during the 4th quarter valued at approximately $11,903,000. Hennion & Walsh Asset Management Inc. grew its stake in ProShares S&P 500 High Income ETF by 18.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,105,781 shares of the company’s stock valued at $48,975,000 after purchasing an additional 172,752 shares in the last quarter. Requisite Capital Management LLC purchased a new stake in ProShares S&P 500 High Income ETF during the 4th quarter worth approximately $5,020,000. Finally, Kingsview Wealth Management LLC acquired a new position in shares of ProShares S&P 500 High Income ETF in the 3rd quarter valued at approximately $2,647,000.

ProShares S&P 500 High Income ETF Trading Down 0.5 %

ISPY stock opened at $45.26 on Thursday. The firm has a 50 day simple moving average of $45.20 and a 200-day simple moving average of $44.38. The company has a market capitalization of $104.55 million, a P/E ratio of 24.03 and a beta of 0.87. ProShares S&P 500 High Income ETF has a twelve month low of $39.85 and a twelve month high of $46.83.

ProShares S&P 500 High Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.2171 per share. The ex-dividend date was Monday, December 23rd.

ProShares S&P 500 High Income ETF 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.