ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 148.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 787,278 shares of the company’s stock after buying an additional 470,383 shares during the quarter. LPL Financial LLC owned 34.08% of ProShares S&P 500 High Income ETF worth $34,869,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of ProShares S&P 500 High Income ETF during the fourth quarter worth about $49,268,000. Hennion & Walsh Asset Management Inc. grew its holdings 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 worth $48,975,000 after acquiring an additional 172,752 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in shares of ProShares S&P 500 High Income ETF in the 4th quarter worth about $11,903,000. Steward Partners Investment Advisory LLC raised its stake in shares of ProShares S&P 500 High Income ETF by 43.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 245,166 shares of the company’s stock valued at $10,858,000 after purchasing an additional 73,712 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co bought a new position in shares of ProShares S&P 500 High Income ETF during the fourth quarter worth about $7,330,000.

ProShares S&P 500 High Income ETF Stock Down 1.7 %

Shares of ProShares S&P 500 High Income ETF stock opened at $41.87 on Friday. The business has a 50-day moving average price of $44.24 and a 200 day moving average price of $44.63. ProShares S&P 500 High Income ETF has a fifty-two week low of $39.85 and a fifty-two week high of $46.83. The firm has a market cap of $723.09 million, a P/E ratio of 25.37 and a beta of 0.87.

ProShares S&P 500 High Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, March 3rd were issued a $0.1783 dividend. The ex-dividend date was Monday, March 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.