SageGuard Financial Group LLC Buys New Stake in ProShares Nasdaq-100 High Income ETF $IQQQ

SageGuard Financial Group LLC bought a new stake in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) in the 4th quarter, Holdings Channel reports. The institutional investor bought 41,305 shares of the company’s stock, valued at approximately $1,837,000.

Several other institutional investors also recently bought and sold shares of the stock. Private Trust Co. NA grew its stake in ProShares Nasdaq-100 High Income ETF by 231.6% during the fourth quarter. Private Trust Co. NA now owns 5,727 shares of the company’s stock valued at $255,000 after acquiring an additional 4,000 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in ProShares Nasdaq-100 High Income ETF during the fourth quarter valued at $4,317,000. Clarus Wealth Advisors boosted its stake in ProShares Nasdaq-100 High Income ETF by 96.1% during the fourth quarter. Clarus Wealth Advisors now owns 19,677 shares of the company’s stock valued at $891,000 after buying an additional 9,641 shares during the last quarter. Ulland Investment Advisors LLC boosted its stake in ProShares Nasdaq-100 High Income ETF by 800.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 3,150 shares of the company’s stock valued at $140,000 after buying an additional 2,800 shares during the last quarter. Finally, JBR Co Financial Management Inc bought a new position in ProShares Nasdaq-100 High Income ETF during the fourth quarter valued at approximately $297,000.

ProShares Nasdaq-100 High Income ETF Trading Down 0.2%

Shares of ProShares Nasdaq-100 High Income ETF stock opened at $45.50 on Tuesday. The stock has a 50 day moving average of $43.39 and a 200 day moving average of $44.28. ProShares Nasdaq-100 High Income ETF has a 12 month low of $33.98 and a 12 month high of $46.72. The firm has a market cap of $373.10 million, a PE ratio of 34.31 and a beta of 1.11.

ProShares Nasdaq-100 High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, April 1st were paid a dividend of $0.2519 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This is a boost from ProShares Nasdaq-100 High Income ETF’s previous monthly dividend of $0.20. This represents a c) dividend on an annualized basis and a yield of 6.6%.

ProShares Nasdaq-100 High Income ETF Company 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.