ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $46.92 and traded as high as $47.59. ProShares Nasdaq-100 High Income ETF shares last traded at $47.47, with a volume of 31,070 shares changing hands.
ProShares Nasdaq-100 High Income ETF Trading Down 1.3%
The firm has a 50-day moving average price of $48.20 and a 200-day moving average price of $46.93. The company has a market capitalization of $391.48 million, a price-to-earnings ratio of 34.31 and a beta of 1.21.
ProShares Nasdaq-100 High Income ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, September 8th. Investors of record on Tuesday, September 1st were paid a dividend of $0.2296 per share. This is a decrease from ProShares Nasdaq-100 High Income ETF’s previous monthly dividend of $0.2386. This represents a $2.76 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Tuesday, September 1st.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in ProShares Nasdaq-100 High Income ETF by 4.7% in the 1st quarter. Royal Bank of Canada now owns 453,905 shares of the company’s stock valued at $18,924,000 after acquiring an additional 20,268 shares during the last quarter. Lido Advisors LLC acquired a new position in shares of ProShares Nasdaq-100 High Income ETF in the 1st quarter worth approximately $819,000. PFG Investments LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 12.6% in the 1st quarter. PFG Investments LLC now owns 71,773 shares of the company’s stock worth $2,992,000 after purchasing an additional 8,052 shares during the last quarter. Rhodes Investment Advisors Inc. ADV acquired a new position in shares of ProShares Nasdaq-100 High Income ETF in the 3rd quarter worth approximately $375,000. Finally, Kestra Advisory Services LLC raised its holdings in shares of ProShares Nasdaq-100 High Income ETF by 102.9% in the 1st quarter. Kestra Advisory Services LLC now owns 10,633 shares of the company’s stock worth $443,000 after purchasing an additional 5,392 shares in the last quarter.
About ProShares Nasdaq-100 High Income ETF
The ProShares Nasdaq-100 High Income ETF (IQQQ) is an exchange-traded fund that is based on the Nasdaq-100 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on Nasdaq-100 stocks. The fund seeks to generate a high level of income combined with the performance returns of the Nasdaq-100 Index over the long term.
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