4,876 Shares in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC purchased a new stake in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,876 shares of the company’s stock, valued at approximately $216,000. Foundations Investment Advisors LLC owned 0.21% of ProShares S&P 500 High Income ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in ProShares S&P 500 High Income ETF by 557.1% in the 3rd quarter. Raymond James & Associates now owns 585,463 shares of the company’s stock worth $26,240,000 after acquiring an additional 496,359 shares in the last quarter. Capital Investment Advisors LLC purchased a new stake in shares of ProShares S&P 500 High Income ETF during the fourth quarter worth about $11,903,000. Hennion & Walsh Asset Management Inc. raised its position in shares of 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 worth $48,975,000 after purchasing an additional 172,752 shares during the last quarter. Requisite Capital Management LLC purchased a new position in ProShares S&P 500 High Income ETF in the 4th quarter valued at about $5,020,000. Finally, Kingsview Wealth Management LLC acquired a new stake in ProShares S&P 500 High Income ETF in the 3rd quarter worth about $2,647,000.

ProShares S&P 500 High Income ETF Price Performance

NYSEARCA ISPY opened at $45.51 on Friday. The stock’s 50 day simple moving average is $45.21 and its 200-day simple moving average is $44.40. The company has a market cap of $105.13 million, a PE ratio of 24.03 and a beta of 0.87. ProShares S&P 500 High Income ETF has a 1-year low of $39.85 and a 1-year high of $46.83.

ProShares S&P 500 High Income ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Shareholders of record on Monday, February 3rd will be issued a $0.3259 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from ProShares S&P 500 High Income ETF’s previous dividend of $0.22.

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.