Raymond James Financial Inc. Makes New Investment in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ)

Raymond James Financial Inc. acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 71,903 shares of the company’s stock, valued at approximately $3,070,000.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of ProShares Nasdaq-100 High Income ETF in the 4th quarter worth $51,000. Jane Street Group LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the 3rd quarter worth $810,000. JPMorgan Chase & Co. raised its position in ProShares Nasdaq-100 High Income ETF by 58.7% during the third quarter. JPMorgan Chase & Co. now owns 47,599 shares of the company’s stock valued at $1,991,000 after purchasing an additional 17,599 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in ProShares Nasdaq-100 High Income ETF by 131.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 11,281 shares of the company’s stock worth $482,000 after buying an additional 6,417 shares during the last quarter. Finally, Eldridge Investment Advisors Inc. purchased a new stake in shares of ProShares Nasdaq-100 High Income ETF in the 4th quarter valued at $2,052,000.

ProShares Nasdaq-100 High Income ETF Trading Up 0.2 %

IQQQ opened at $37.10 on Tuesday. The business’s 50-day moving average price is $38.50 and its 200-day moving average price is $41.48. ProShares Nasdaq-100 High Income ETF has a 12 month low of $33.00 and a 12 month high of $45.21. The company has a market cap of $119.83 million, a P/E ratio of 27.75 and a beta of 1.21.

ProShares Nasdaq-100 High Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, April 7th. Investors of record on Tuesday, April 1st were paid a $0.9041 dividend. This is an increase from ProShares Nasdaq-100 High Income ETF’s previous dividend of $0.28. The ex-dividend date was Tuesday, April 1st.

ProShares Nasdaq-100 High Income ETF Profile

The ProShares Nasdaq-100 High Income ETF (IQQQ) is an exchange-traded fund that is based on the Nasdaq-100 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on Nasdaq-100 stocks. The fund seeks to generate a high level of income combined with the performance returns of the Nasdaq-100 Index over the long term.