Kingsview Wealth Management LLC Purchases 9,785 Shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Kingsview Wealth Management LLC boosted its position in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 16.6% in the 4th quarter, HoldingsChannel reports. The firm owned 68,851 shares of the company’s stock after buying an additional 9,785 shares during the period. Kingsview Wealth Management LLC’s holdings in ProShares S&P 500 High Income ETF were worth $3,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management acquired a new position in ProShares S&P 500 High Income ETF in the third quarter worth $331,000. Raymond James & Associates lifted its position in ProShares S&P 500 High Income ETF by 557.1% during the 3rd quarter. Raymond James & Associates now owns 585,463 shares of the company’s stock worth $26,240,000 after buying an additional 496,359 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in ProShares S&P 500 High Income ETF by 10.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 933,029 shares of the company’s stock worth $41,818,000 after acquiring an additional 88,146 shares during the last quarter. Global Trust Asset Management LLC increased its position in ProShares S&P 500 High Income ETF by 83.3% in the 3rd quarter. Global Trust Asset Management LLC now owns 1,100 shares of the company’s stock valued at $49,000 after acquiring an additional 500 shares in the last quarter. Finally, PFG Investments LLC raised its stake in shares of ProShares S&P 500 High Income ETF by 55.9% in the third quarter. PFG Investments LLC now owns 58,469 shares of the company’s stock worth $2,621,000 after acquiring an additional 20,965 shares during the last quarter.

ProShares S&P 500 High Income ETF Stock Performance

NYSEARCA:ISPY opened at $45.13 on Monday. The company has a market cap of $104.25 million, a price-to-earnings ratio of 24.03 and a beta of 0.87. The stock’s fifty day moving average price is $45.14 and its two-hundred day moving average price is $44.45. ProShares S&P 500 High Income ETF has a 52-week low of $39.85 and a 52-week high of $46.83.

ProShares S&P 500 High Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Monday, February 3rd were paid a dividend of $0.3259 per share. This is an increase from ProShares S&P 500 High Income ETF’s previous dividend of $0.22. The ex-dividend date was Monday, February 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.