Steward Partners Investment Advisory LLC Has $10.86 Million Stake in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Steward Partners Investment Advisory LLC raised its stake in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 43.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,166 shares of the company’s stock after buying an additional 73,712 shares during the period. Steward Partners Investment Advisory LLC owned 0.11% of ProShares S&P 500 High Income ETF worth $10,858,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SteelPeak Wealth LLC boosted its holdings in shares of ProShares S&P 500 High Income ETF by 0.8% during the 4th quarter. SteelPeak Wealth LLC now owns 35,950 shares of the company’s stock worth $1,592,000 after buying an additional 280 shares during the period. Chicago Partners Investment Group LLC lifted its position in ProShares S&P 500 High Income ETF by 11.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,869 shares of the company’s stock worth $308,000 after acquiring an additional 712 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in ProShares S&P 500 High Income ETF by 9.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,255 shares of the company’s stock valued at $543,000 after acquiring an additional 1,100 shares during the period. AdvisorNet Financial Inc acquired a new stake in shares of ProShares S&P 500 High Income ETF in the fourth quarter valued at about $65,000. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of ProShares S&P 500 High Income ETF by 13.4% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 20,364 shares of the company’s stock worth $902,000 after purchasing an additional 2,400 shares during the period.

ProShares S&P 500 High Income ETF Stock Performance

NYSEARCA ISPY opened at $43.29 on Wednesday. The stock has a market capitalization of $634.20 million, a PE ratio of 27.17 and a beta of 0.87. The stock has a 50-day simple moving average of $44.91 and a 200 day simple moving average of $44.75. ProShares S&P 500 High Income ETF has a twelve month low of $39.85 and a twelve month high of $46.83.

ProShares S&P 500 High Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 7th. Stockholders of record on Monday, March 3rd will be given a $0.1783 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

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.