BKM Wealth Management LLC Sells 4,048 Shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

BKM Wealth Management LLC lessened its stake in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 16.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 20,340 shares of the company’s stock after selling 4,048 shares during the period. BKM Wealth Management LLC owned 0.88% of ProShares S&P 500 High Income ETF worth $912,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Global Trust Asset Management LLC lifted its holdings 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 worth $49,000 after purchasing an additional 500 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in ProShares S&P 500 High Income ETF by 10.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 933,029 shares of the company’s stock worth $41,818,000 after purchasing an additional 88,146 shares during the last quarter. Raymond James & Associates lifted its position in ProShares S&P 500 High Income ETF by 557.1% during the third quarter. Raymond James & Associates now owns 585,463 shares of the company’s stock valued at $26,240,000 after purchasing an additional 496,359 shares during the last quarter. Brookstone Capital Management bought a new stake in shares of ProShares S&P 500 High Income ETF in the 3rd quarter worth about $331,000. Finally, Sanctuary Advisors LLC bought a new position in shares of ProShares S&P 500 High Income ETF in the 2nd quarter valued at about $1,792,000.

ProShares S&P 500 High Income ETF Price Performance

Shares of NYSEARCA ISPY opened at $44.90 on Friday. The stock has a market capitalization of $103.72 million, a P/E ratio of 24.03 and a beta of 0.87. ProShares S&P 500 High Income ETF has a 1-year low of $39.61 and a 1-year high of $45.63. The business’s 50 day moving average is $44.12 and its two-hundred day moving average is $43.14.

ProShares S&P 500 High Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, September 3rd were given a $0.6198 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase from ProShares S&P 500 High Income ETF’s previous dividend of $0.45.

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.