LPL Financial LLC Has $40.11 Million Position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

LPL Financial LLC lifted its holdings in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 21.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 952,878 shares of the company’s stock after purchasing an additional 165,600 shares during the quarter. LPL Financial LLC owned 4.95% of ProShares S&P 500 High Income ETF worth $40,107,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ISPY. Raymond James Financial Inc. bought a new position in shares of ProShares S&P 500 High Income ETF during the fourth quarter worth about $49,268,000. Bank of America Corp DE grew its holdings in shares of 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 worth $38,307,000 after buying an additional 861,601 shares in the last quarter. Royal Bank of Canada grew its stake in ProShares S&P 500 High Income ETF by 102.0% in the fourth quarter. Royal Bank of Canada now owns 739,260 shares of the company’s stock valued at $32,742,000 after purchasing an additional 373,355 shares in the last quarter. Capital Investment Advisors LLC grew its stake in ProShares S&P 500 High Income ETF by 147.4% in the first quarter. Capital Investment Advisors LLC now owns 665,025 shares of the company’s stock valued at $27,991,000 after purchasing an additional 396,271 shares in the last quarter. Finally, MJP Associates Inc. ADV grew its stake in ProShares S&P 500 High Income ETF by 39.8% in the first quarter. MJP Associates Inc. ADV now owns 149,255 shares of the company’s stock valued at $6,282,000 after purchasing an additional 42,529 shares in the last quarter.

ProShares S&P 500 High Income ETF Stock Down 1.8%

ISPY stock opened at $42.42 on Friday. The business has a 50 day moving average price of $41.89 and a two-hundred day moving average price of $42.02. The company has a market cap of $892.52 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. ProShares S&P 500 High Income ETF has a twelve month low of $35.81 and a twelve month high of $46.83.

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.