PFG Investments LLC Boosts Stock Holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

PFG Investments LLC increased its holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 55.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,469 shares of the company’s stock after buying an additional 20,965 shares during the period. PFG Investments LLC owned about 2.53% of ProShares S&P 500 High Income ETF worth $2,621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ISPY. Global Trust Asset Management LLC acquired a new stake in ProShares S&P 500 High Income ETF in the 2nd quarter worth approximately $26,000. International Assets Investment Management LLC purchased a new stake in ProShares S&P 500 High Income ETF during the 2nd quarter valued at about $124,000. Essex Financial Services Inc. acquired a new position in shares of ProShares S&P 500 High Income ETF in the second quarter valued at about $298,000. Brookstone Capital Management purchased a new position in shares of ProShares S&P 500 High Income ETF in the third quarter worth about $331,000. Finally, Maxwell Wealth Strategies Inc. acquired a new stake in shares of ProShares S&P 500 High Income ETF during the first quarter worth about $718,000.

ProShares S&P 500 High Income ETF Stock Performance

NYSEARCA ISPY traded down $0.01 during trading hours on Friday, reaching $44.90. The stock had a trading volume of 108,212 shares, compared to its average volume of 53,909. ProShares S&P 500 High Income ETF has a 52-week low of $39.61 and a 52-week high of $45.63. The stock has a market cap of $103.72 million, a P/E ratio of 24.03 and a beta of 0.87. The stock has a fifty day moving average of $44.12 and a 200 day moving average of $43.14.

ProShares S&P 500 High Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, September 3rd were paid a $0.6198 dividend. The ex-dividend date was Tuesday, September 3rd. This is a positive change from ProShares S&P 500 High Income ETF’s previous dividend of $0.45.

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.