Strategic Wealth Partners Ltd. Takes $1.03 Million Position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Strategic Wealth Partners Ltd. bought a new stake in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,493 shares of the company’s stock, valued at approximately $1,026,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in ProShares S&P 500 High Income ETF during the fourth quarter valued at $49,268,000. Bank of America Corp DE raised its stake in ProShares S&P 500 High Income ETF by 26,085.4% during the fourth quarter. Bank of America Corp DE now owns 864,904 shares of the company’s stock valued at $38,307,000 after buying an additional 861,601 shares during the last quarter. LPL Financial LLC raised its stake in ProShares S&P 500 High Income ETF by 148.4% during the fourth quarter. LPL Financial LLC now owns 787,278 shares of the company’s stock valued at $34,869,000 after buying an additional 470,383 shares during the last quarter. Royal Bank of Canada raised its stake in ProShares S&P 500 High Income ETF by 102.0% during the fourth quarter. Royal Bank of Canada now owns 739,260 shares of the company’s stock valued at $32,742,000 after buying an additional 373,355 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in ProShares S&P 500 High Income ETF during the fourth quarter valued at $7,330,000.

ProShares S&P 500 High Income ETF Trading Up 0.4%

ProShares S&P 500 High Income ETF stock opened at $40.86 on Monday. The firm has a market cap of $786.96 million, a price-to-earnings ratio of 23.01 and a beta of 0.87. The stock has a fifty day simple moving average of $40.08 and a two-hundred day simple moving average of $43.27. ProShares S&P 500 High Income ETF has a 12 month low of $35.81 and a 12 month high of $46.83.

ProShares S&P 500 High Income ETF Cuts Dividend

The firm 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 was Monday, March 3rd.

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.