Commonwealth Equity Services LLC Grows Position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Commonwealth Equity Services LLC raised its stake in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 231.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 41,326 shares of the company’s stock after purchasing an additional 28,841 shares during the quarter. Commonwealth Equity Services LLC’s holdings in ProShares S&P 500 High Income ETF were worth $1,830,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. SteelPeak Wealth LLC raised its position in shares of ProShares S&P 500 High Income ETF by 0.8% in the 4th quarter. SteelPeak Wealth LLC now owns 35,950 shares of the company’s stock worth $1,592,000 after buying an additional 280 shares during the period. Atria Wealth Solutions Inc. increased its holdings in shares of ProShares S&P 500 High Income ETF by 9.9% in the 4th 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 during the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of ProShares S&P 500 High Income ETF during the fourth quarter worth $65,000. Patriot Financial Group Insurance Agency LLC raised its stake in ProShares S&P 500 High Income ETF by 13.4% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 20,364 shares of the company’s stock worth $902,000 after acquiring an additional 2,400 shares during the period. Finally, Essex Financial Services Inc. raised its position in shares of ProShares S&P 500 High Income ETF by 39.2% during the 4th quarter. Essex Financial Services Inc. now owns 11,436 shares of the company’s stock worth $507,000 after purchasing an additional 3,221 shares during the period.

ProShares S&P 500 High Income ETF Stock Down 1.7 %

Shares of NYSEARCA:ISPY opened at $41.87 on Friday. The company’s 50-day moving average price is $44.24 and its 200 day moving average price is $44.63. ProShares S&P 500 High Income ETF has a fifty-two week low of $39.85 and a fifty-two week high of $46.83. The company has a market cap of $723.09 million, a PE ratio of 25.37 and a beta of 0.87.

ProShares S&P 500 High Income ETF Cuts Dividend

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

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.