Royal Bank of Canada Sells 12,992 Shares of ProShares S&P 500 High Income ETF $ISPY

Royal Bank of Canada decreased its holdings in ProShares S&P 500 High Income ETF (BATS:ISPY) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,037,634 shares of the company’s stock after selling 12,992 shares during the period. Royal Bank of Canada owned about 5.11% of ProShares S&P 500 High Income ETF worth $44,982,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Morgan Stanley grew its stake in ProShares S&P 500 High Income ETF by 29.0% in the 4th quarter. Morgan Stanley now owns 4,162,211 shares of the company’s stock valued at $189,922,000 after buying an additional 935,443 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of ProShares S&P 500 High Income ETF by 23.6% in the second quarter. Raymond James Financial Inc. now owns 1,658,789 shares of the company’s stock valued at $70,382,000 after buying an additional 316,261 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of ProShares S&P 500 High Income ETF by 56.7% in the fourth quarter. Wells Fargo & Company MN now owns 792,432 shares of the company’s stock valued at $36,159,000 after buying an additional 286,875 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of ProShares S&P 500 High Income ETF by 259.8% in the fourth quarter. Sanctuary Advisors LLC now owns 311,920 shares of the company’s stock valued at $14,233,000 after buying an additional 225,225 shares during the period. Finally, LPL Financial LLC grew its position in ProShares S&P 500 High Income ETF by 22.2% during the fourth quarter. LPL Financial LLC now owns 1,114,368 shares of the company’s stock worth $50,849,000 after buying an additional 202,221 shares in the last quarter.

ProShares S&P 500 High Income ETF Price Performance

ProShares S&P 500 High Income ETF stock opened at $47.96 on Monday. The stock’s fifty day moving average price is $47.94 and its two-hundred day moving average price is $46.46. The firm has a market cap of $974.55 million, a PE ratio of 25.81 and a beta of 0.87. ProShares S&P 500 High Income ETF has a one year low of $42.10 and a one year 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.