Journey Strategic Wealth LLC Purchases 4,051 Shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Journey Strategic Wealth LLC raised its position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 63.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,471 shares of the company’s stock after buying an additional 4,051 shares during the quarter. Journey Strategic Wealth LLC’s holdings in ProShares S&P 500 High Income ETF were worth $464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ISPY. Hennion & Walsh Asset Management Inc. boosted its position in shares of ProShares S&P 500 High Income ETF by 18.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,105,781 shares of the company’s stock worth $48,975,000 after acquiring an additional 172,752 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of ProShares S&P 500 High Income ETF by 557.1% in the 3rd quarter. Raymond James & Associates now owns 585,463 shares of the company’s stock valued at $26,240,000 after purchasing an additional 496,359 shares in the last quarter. Capital Investment Advisors LLC acquired a new stake in shares of ProShares S&P 500 High Income ETF in the 4th quarter valued at $11,903,000. Requisite Capital Management LLC bought a new position in shares of ProShares S&P 500 High Income ETF in the 4th quarter valued at $5,020,000. Finally, PFG Investments LLC raised its holdings in shares of ProShares S&P 500 High Income ETF by 68.2% during the 4th quarter. PFG Investments LLC now owns 98,368 shares of the company’s stock worth $4,357,000 after buying an additional 39,899 shares in the last quarter.

ProShares S&P 500 High Income ETF Stock Down 0.3 %

NYSEARCA:ISPY opened at $45.51 on Monday. ProShares S&P 500 High Income ETF has a twelve month low of $39.85 and a twelve month high of $46.83. The stock’s 50-day simple moving average is $45.21 and its 200 day simple moving average is $44.40. The firm has a market capitalization of $105.13 million, a PE ratio of 24.03 and a beta of 0.87.

ProShares S&P 500 High Income ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, February 7th. Investors of record on Monday, February 3rd will be issued a dividend of $0.3259 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from ProShares S&P 500 High Income ETF’s previous dividend of $0.22.

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.