Zhang Financial LLC purchased a new stake in ProShares S&P 500 High Income ETF (BATS:ISPY – Free Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 14,900 shares of the company’s stock, valued at approximately $646,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ISPY. Comerica Bank bought a new position in ProShares S&P 500 High Income ETF during the 1st quarter worth $90,000. NewEdge Advisors LLC lifted its holdings in shares of ProShares S&P 500 High Income ETF by 26.6% during the first quarter. NewEdge Advisors LLC now owns 15,828 shares of the company’s stock worth $666,000 after buying an additional 3,327 shares in the last quarter. Focus Partners Wealth boosted its position in shares of ProShares S&P 500 High Income ETF by 57.1% in the first quarter. Focus Partners Wealth now owns 11,000 shares of the company’s stock valued at $463,000 after acquiring an additional 4,000 shares during the period. Raymond James Financial Inc. boosted 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 acquiring an additional 316,261 shares during the period. Finally, Aptus Capital Advisors LLC acquired a new position in shares of ProShares S&P 500 High Income ETF in the third quarter valued at about $65,000.
ProShares S&P 500 High Income ETF Stock Performance
BATS:ISPY opened at $47.51 on Friday. ProShares S&P 500 High Income ETF has a 52 week low of $42.10 and a 52 week high of $49.08. The firm’s 50-day simple moving average is $48.01 and its 200 day simple moving average is $46.35. The firm has a market cap of $965.40 million, a price-to-earnings ratio of 25.81 and a beta of 0.87.
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. ISPY was launched on Dec 18, 2023 and is issued by ProShares.
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Want to see what other hedge funds are holding ISPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares S&P 500 High Income ETF (BATS:ISPY – Free Report).
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