Essex Financial Services Inc. Raises Position in ProShares S&P 500 High Income ETF $ISPY

Essex Financial Services Inc. raised its stake in shares of ProShares S&P 500 High Income ETF (BATS:ISPY) by 203.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,833 shares of the company’s stock after purchasing an additional 37,406 shares during the period. Essex Financial Services Inc.’s holdings in ProShares S&P 500 High Income ETF were worth $2,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Foundations Investment Advisors LLC raised its position in ProShares S&P 500 High Income ETF by 5.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 7,899 shares of the company’s stock valued at $360,000 after purchasing an additional 384 shares during the period. Huntington National Bank purchased a new stake in ProShares S&P 500 High Income ETF during the fourth quarter valued at approximately $34,000. Coldstream Capital Management Inc. raised its position in ProShares S&P 500 High Income ETF by 9.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 25,071 shares of the company’s stock valued at $1,144,000 after purchasing an additional 2,212 shares during the period. MJP Associates Inc. ADV raised its position in ProShares S&P 500 High Income ETF by 11.5% during the fourth quarter. MJP Associates Inc. ADV now owns 166,799 shares of the company’s stock valued at $7,611,000 after purchasing an additional 17,174 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new stake in ProShares S&P 500 High Income ETF during the fourth quarter valued at approximately $64,000.

ProShares S&P 500 High Income ETF Price Performance

Shares of ISPY stock opened at $49.01 on Monday. ProShares S&P 500 High Income ETF has a 1 year low of $39.94 and a 1 year high of $49.08. The stock’s 50 day simple moving average is $45.94 and its two-hundred day simple moving average is $45.73. The company has a market cap of $995.88 million, a PE ratio of 25.81 and a beta of 0.87.

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. ISPY was launched on Dec 18, 2023 and is issued by ProShares.