SteelPeak Wealth LLC Acquires Shares of 30,550 ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

SteelPeak Wealth LLC purchased a new position in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,550 shares of the company’s stock, valued at approximately $1,330,000. SteelPeak Wealth LLC owned approximately 1.32% of ProShares S&P 500 High Income ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new position in shares of ProShares S&P 500 High Income ETF during the first quarter worth $1,346,000. PFG Investments LLC bought a new position in shares of ProShares S&P 500 High Income ETF during the first quarter worth $810,000. Maxwell Wealth Strategies Inc. bought a new position in shares of ProShares S&P 500 High Income ETF during the first quarter worth $718,000. Pitti Group Wealth Management LLC bought a new position in shares of ProShares S&P 500 High Income ETF during the first quarter worth $413,000. Finally, Gainplan LLC bought a new position in shares of ProShares S&P 500 High Income ETF during the first quarter worth $235,000.

ProShares S&P 500 High Income ETF Price Performance

Shares of NYSEARCA ISPY traded up $0.52 during midday trading on Thursday, reaching $43.35. 51,061 shares of the stock were exchanged, compared to its average volume of 48,355. The business has a 50-day simple moving average of $43.22 and a two-hundred day simple moving average of $42.29. The company has a market capitalization of $100.13 million, a price-to-earnings ratio of 24.03 and a beta of 0.87. ProShares S&P 500 High Income ETF has a 12 month low of $39.61 and a 12 month high of $44.74.

ProShares S&P 500 High Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 9th. Investors of record on Monday, July 1st were issued a dividend of $0.4491 per share. This is a positive change from ProShares S&P 500 High Income ETF’s previous dividend of $0.31. The ex-dividend date was Monday, July 1st.

ProShares S&P 500 High Income ETF 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.