PFG Investments LLC Grows Holdings in ProShares S&P 500 High Income ETF $ISPY

PFG Investments LLC increased its position in ProShares S&P 500 High Income ETF (BATS:ISPY) by 16.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,930 shares of the company’s stock after acquiring an additional 19,262 shares during the quarter. PFG Investments LLC owned about 0.54% of ProShares S&P 500 High Income ETF worth $6,339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. North Star Investment Management Corp. bought a new position in ProShares S&P 500 High Income ETF in the 3rd quarter worth approximately $45,000. Aptus Capital Advisors LLC bought a new position in ProShares S&P 500 High Income ETF in the 3rd quarter worth approximately $65,000. Comerica Bank boosted its stake in ProShares S&P 500 High Income ETF by 12,493.8% in the 3rd quarter. Comerica Bank now owns 2,015 shares of the company’s stock worth $91,000 after purchasing an additional 1,999 shares during the period. Brown Lisle Cummings Inc. bought a new position in ProShares S&P 500 High Income ETF in the 3rd quarter worth approximately $103,000. Finally, IFP Advisors Inc boosted its stake in ProShares S&P 500 High Income ETF by 13.0% in the 3rd quarter. IFP Advisors Inc now owns 2,359 shares of the company’s stock worth $106,000 after purchasing an additional 272 shares during the period.

ProShares S&P 500 High Income ETF Price Performance

ISPY stock opened at $45.67 on Thursday. ProShares S&P 500 High Income ETF has a 1-year low of $36.93 and a 1-year high of $46.72. The company has a market capitalization of $928.01 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. The business has a 50 day simple moving average of $44.73 and a two-hundred day simple moving average of $45.31.

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.