Patriot Financial Group Insurance Agency LLC Acquires 2,400 Shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Patriot Financial Group Insurance Agency LLC grew its holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,364 shares of the company’s stock after buying an additional 2,400 shares during the quarter. Patriot Financial Group Insurance Agency LLC owned 0.88% of ProShares S&P 500 High Income ETF worth $902,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Raymond James & Associates increased its stake in ProShares S&P 500 High Income ETF by 557.1% in the third quarter. Raymond James & Associates now owns 585,463 shares of the company’s stock valued at $26,240,000 after acquiring an additional 496,359 shares during the period. Capital Investment Advisors LLC bought a new stake in shares of ProShares S&P 500 High Income ETF in the 4th quarter valued at approximately $11,903,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of ProShares S&P 500 High Income ETF by 18.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,105,781 shares of the company’s stock worth $48,975,000 after buying an additional 172,752 shares in the last quarter. Requisite Capital Management LLC bought a new position in shares of ProShares S&P 500 High Income ETF during the 4th quarter worth approximately $5,020,000. Finally, Kingsview Wealth Management LLC acquired a new stake in ProShares S&P 500 High Income ETF in the 3rd quarter valued at $2,647,000.

ProShares S&P 500 High Income ETF Price Performance

ProShares S&P 500 High Income ETF stock opened at $45.47 on Wednesday. The firm has a market capitalization of $105.04 million, a P/E ratio of 24.03 and a beta of 0.87. The stock has a fifty day moving average price of $45.19 and a two-hundred day moving average price of $44.38. 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 Cuts Dividend

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

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.