Howard Capital Management Inc. Grows Stock Position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Howard Capital Management Inc. grew its position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 26.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 107,403 shares of the company’s stock after buying an additional 22,431 shares during the quarter. Howard Capital Management Inc.’s holdings in ProShares S&P 500 High Income ETF were worth $4,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its position in ProShares S&P 500 High Income ETF by 18.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,105,781 shares of the company’s stock worth $48,975,000 after buying an additional 172,752 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in ProShares S&P 500 High Income ETF during the fourth quarter worth approximately $11,903,000. Requisite Capital Management LLC purchased a new position in ProShares S&P 500 High Income ETF during the fourth quarter worth approximately $5,020,000. PFG Investments LLC lifted its position in ProShares S&P 500 High Income ETF by 68.2% during the fourth 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. Finally, Sanctuary Advisors LLC lifted its position in ProShares S&P 500 High Income ETF by 8.3% during the fourth quarter. Sanctuary Advisors LLC now owns 96,139 shares of the company’s stock worth $4,387,000 after buying an additional 7,403 shares in the last quarter.

ProShares S&P 500 High Income ETF Stock Performance

Shares of ProShares S&P 500 High Income ETF stock opened at $44.88 on Friday. ProShares S&P 500 High Income ETF has a one year low of $39.85 and a one year high of $46.83. The company has a market cap of $657.49 million, a price-to-earnings ratio of 27.17 and a beta of 0.87. The business’s 50 day moving average price is $45.06 and its 200 day moving average price is $44.65.

ProShares S&P 500 High Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, February 3rd were given a $0.3259 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase 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.