Hennion & Walsh Asset Management Inc. Has $50.49 Million Stock Position in ProShares S&P 500 High Income ETF $ISPY

Hennion & Walsh Asset Management Inc. raised its stake in shares of ProShares S&P 500 High Income ETF (BATS:ISPY) by 4.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,047,800 shares of the company’s stock after acquiring an additional 42,316 shares during the period. ProShares S&P 500 High Income ETF makes up about 1.4% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 6th largest holding. Hennion & Walsh Asset Management Inc. owned about 0.05% of ProShares S&P 500 High Income ETF worth $50,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ISPY. Morgan Stanley boosted its position in shares of ProShares S&P 500 High Income ETF by 29.0% during the fourth quarter. Morgan Stanley now owns 4,162,211 shares of the company’s stock worth $189,922,000 after acquiring an additional 935,443 shares during the last quarter. Raymond James Financial Inc. increased its holdings in ProShares S&P 500 High Income ETF by 13.3% in the 3rd quarter. Raymond James Financial Inc. now owns 1,879,053 shares of the company’s stock valued at $84,764,000 after acquiring an additional 220,264 shares during the last quarter. Bank of America Corp DE increased its holdings in ProShares S&P 500 High Income ETF by 4.5% in the 1st quarter. Bank of America Corp DE now owns 1,436,711 shares of the company’s stock valued at $62,281,000 after acquiring an additional 61,472 shares during the last quarter. LPL Financial LLC lifted its stake in ProShares S&P 500 High Income ETF by 22.2% in the 4th quarter. LPL Financial LLC now owns 1,114,368 shares of the company’s stock worth $50,849,000 after purchasing an additional 202,221 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in ProShares S&P 500 High Income ETF by 1.4% in the 4th quarter. Royal Bank of Canada now owns 1,050,626 shares of the company’s stock worth $47,940,000 after purchasing an additional 14,186 shares in the last quarter.

ProShares S&P 500 High Income ETF Stock Up 0.6%

ISPY opened at $48.87 on Friday. The company has a market capitalization of $993.04 million, a PE ratio of 25.81 and a beta of 0.87. The firm has a 50-day simple moving average of $47.93 and a two-hundred day simple moving average of $46.54. ProShares S&P 500 High Income ETF has a 52 week low of $42.10 and a 52 week high of $49.08.

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. ISPY was launched on Dec 18, 2023 and is issued by ProShares.