Essex Financial Services Inc. Grows Holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Essex Financial Services Inc. increased its stake in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 39.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,436 shares of the company’s stock after purchasing an additional 3,221 shares during the period. Essex Financial Services Inc. owned approximately 0.50% of ProShares S&P 500 High Income ETF worth $507,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ISPY. Hennion & Walsh Asset Management Inc. boosted its position in shares of ProShares S&P 500 High Income ETF by 18.5% during the fourth 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 during the period. Raymond James & Associates boosted its holdings 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 valued at $26,240,000 after acquiring an additional 496,359 shares during the period. Capital Investment Advisors LLC acquired a new position in ProShares S&P 500 High Income ETF in the 4th quarter valued at about $11,903,000. Requisite Capital Management LLC purchased a new stake in ProShares S&P 500 High Income ETF during the fourth quarter worth about $5,020,000. Finally, PFG Investments LLC lifted its position in shares of ProShares S&P 500 High Income ETF by 68.2% during the fourth quarter. PFG Investments LLC now owns 98,368 shares of the company’s stock worth $4,357,000 after purchasing an additional 39,899 shares in the last quarter.

ProShares S&P 500 High Income ETF Stock Performance

NYSEARCA ISPY opened at $45.11 on Thursday. The firm has a market cap of $104.20 million, a price-to-earnings ratio of 24.03 and a beta of 0.87. The firm has a 50 day simple moving average of $45.10 and a 200-day simple moving average of $44.49. ProShares S&P 500 High Income ETF has a one year low of $39.85 and a one year 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. Shareholders of record on Monday, February 3rd were given a $0.3259 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from ProShares S&P 500 High Income ETF’s previous dividend of $0.22.

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.