Integrated Wealth Concepts LLC Raises Position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Integrated Wealth Concepts LLC grew its position in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 282.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,552 shares of the company’s stock after acquiring an additional 21,077 shares during the period. Integrated Wealth Concepts LLC owned about 1.24% of ProShares S&P 500 High Income ETF worth $1,265,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ISPY. BOS Asset Management LLC purchased a new position in ProShares S&P 500 High Income ETF during the fourth quarter valued at $486,000. NewEdge Advisors LLC lifted its position in ProShares S&P 500 High Income ETF by 17.2% during the 4th quarter. NewEdge Advisors LLC now owns 12,501 shares of the company’s stock valued at $554,000 after acquiring an additional 1,833 shares during the period. Maxwell Wealth Strategies Inc. boosted its stake in ProShares S&P 500 High Income ETF by 63.6% during the fourth quarter. Maxwell Wealth Strategies Inc. now owns 39,154 shares of the company’s stock worth $1,734,000 after acquiring an additional 15,225 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in ProShares S&P 500 High Income ETF in the fourth quarter worth about $49,268,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of ProShares S&P 500 High Income ETF by 476.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 13,522 shares of the company’s stock valued at $601,000 after purchasing an additional 11,178 shares in the last quarter.

ProShares S&P 500 High Income ETF Stock Up 0.7 %

Shares of ISPY opened at $39.80 on Wednesday. The stock has a market cap of $708.44 million, a P/E ratio of 22.39 and a beta of 0.87. The business’s 50 day moving average price is $41.10 and its 200-day moving average price is $43.75. ProShares S&P 500 High Income ETF has a 52 week low of $35.81 and a 52 week high of $46.83.

ProShares S&P 500 High Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, March 3rd were issued a $0.1783 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.