SteelPeak Wealth LLC Increases Stock Position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

SteelPeak Wealth LLC lifted its position in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,950 shares of the company’s stock after buying an additional 280 shares during the period. SteelPeak Wealth LLC owned approximately 1.56% of ProShares S&P 500 High Income ETF worth $1,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC increased its stake in ProShares S&P 500 High Income ETF by 83.3% during the third quarter. Global Trust Asset Management LLC now owns 1,100 shares of the company’s stock worth $49,000 after acquiring an additional 500 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in ProShares S&P 500 High Income ETF in the fourth quarter valued at approximately $65,000. Foundations Investment Advisors LLC acquired a new position in ProShares S&P 500 High Income ETF during the fourth quarter valued at approximately $216,000. Maia Wealth LLC purchased a new stake in ProShares S&P 500 High Income ETF during the third quarter worth approximately $219,000. Finally, Woodmont Investment Counsel LLC acquired a new stake in shares of ProShares S&P 500 High Income ETF in the third quarter worth $238,000.

ProShares S&P 500 High Income ETF Trading Down 0.5 %

NYSEARCA:ISPY opened at $45.26 on Thursday. ProShares S&P 500 High Income ETF has a twelve month low of $39.85 and a twelve month high of $46.83. The firm has a market capitalization of $104.55 million, a price-to-earnings ratio of 24.03 and a beta of 0.87. The firm’s fifty day simple moving average is $45.20 and its 200 day simple moving average is $44.38.

ProShares S&P 500 High Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.2171 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About ProShares S&P 500 High Income ETF

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.