CIBC Private Wealth Group LLC Buys 11,178 Shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

CIBC Private Wealth Group LLC raised its stake in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 476.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,522 shares of the company’s stock after purchasing an additional 11,178 shares during the period. CIBC Private Wealth Group LLC owned 0.59% of ProShares S&P 500 High Income ETF worth $601,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC bought a new stake in ProShares S&P 500 High Income ETF in the 4th quarter valued at about $562,000. Atria Wealth Solutions Inc. increased its holdings in shares of ProShares S&P 500 High Income ETF by 9.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,255 shares of the company’s stock valued at $543,000 after acquiring an additional 1,100 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in shares of ProShares S&P 500 High Income ETF during the fourth quarter worth approximately $65,000. Howard Capital Management Inc. lifted its holdings in shares of ProShares S&P 500 High Income ETF by 26.4% in the 4th quarter. Howard Capital Management Inc. now owns 107,403 shares of the company’s stock worth $4,757,000 after purchasing an additional 22,431 shares in the last quarter. Finally, Advisor OS LLC grew its position in ProShares S&P 500 High Income ETF by 66.7% in the 4th quarter. Advisor OS LLC now owns 111,208 shares of the company’s stock valued at $4,925,000 after purchasing an additional 44,494 shares during the period.

ProShares S&P 500 High Income ETF Trading Down 5.7 %

ISPY opened at $37.51 on Friday. ProShares S&P 500 High Income ETF has a 1-year low of $37.50 and a 1-year high of $46.83. The company has a market cap of $647.80 million, a price-to-earnings ratio of 25.37 and a beta of 0.87. The company’s fifty day moving average price is $43.73 and its two-hundred day moving average price is $44.53.

ProShares S&P 500 High Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 7th. Investors of record on Monday, March 3rd were given a $0.1783 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.