KKM Financial LLC Makes New $343,000 Investment in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

KKM Financial LLC bought a new stake in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,651 shares of the company’s stock, valued at approximately $343,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Trust Asset Management LLC bought a new position in shares of ProShares S&P 500 High Income ETF during the second quarter valued at approximately $26,000. International Assets Investment Management LLC bought a new stake in ProShares S&P 500 High Income ETF during the 2nd quarter valued at $124,000. Maia Wealth LLC purchased a new position in shares of ProShares S&P 500 High Income ETF in the 3rd quarter valued at $219,000. Woodmont Investment Counsel LLC purchased a new position in shares of ProShares S&P 500 High Income ETF in the 3rd quarter valued at $238,000. Finally, Essex Financial Services Inc. bought a new position in shares of ProShares S&P 500 High Income ETF in the 2nd quarter worth $298,000.

ProShares S&P 500 High Income ETF Price Performance

Shares of NYSEARCA ISPY opened at $45.44 on Friday. The business has a fifty day moving average price of $44.73 and a 200 day moving average price of $43.65. ProShares S&P 500 High Income ETF has a 1-year low of $39.61 and a 1-year high of $46.83. The stock has a market capitalization of $104.97 million, a P/E ratio of 24.03 and a beta of 0.87.

ProShares S&P 500 High Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.6198 per share. This is a positive change 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.