Prosperity Financial Group Inc. Acquires 5,478 Shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Prosperity Financial Group Inc. raised its holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,637 shares of the company’s stock after buying an additional 5,478 shares during the period. ProShares S&P 500 High Income ETF comprises about 1.8% of Prosperity Financial Group Inc.’s holdings, making the stock its 11th largest position. Prosperity Financial Group Inc.’s holdings in ProShares S&P 500 High Income ETF were worth $3,616,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ISPY. AdvisorNet Financial Inc purchased a new stake in ProShares S&P 500 High Income ETF during the fourth quarter worth about $65,000. Foundations Investment Advisors LLC purchased a new stake in ProShares S&P 500 High Income ETF during the fourth quarter worth about $216,000. CAP Partners LLC purchased a new stake in ProShares S&P 500 High Income ETF during the fourth quarter worth about $231,000. Signature Wealth Management Partners LLC purchased a new stake in ProShares S&P 500 High Income ETF during the fourth quarter worth about $274,000. Finally, Independent Advisor Alliance purchased a new stake in ProShares S&P 500 High Income ETF during the fourth quarter worth about $278,000.

ProShares S&P 500 High Income ETF Stock Performance

NYSEARCA ISPY opened at $42.00 on Wednesday. ProShares S&P 500 High Income ETF has a 52-week low of $39.85 and a 52-week high of $46.83. The company has a 50-day simple moving average of $44.71 and a 200 day simple moving average of $44.71. The company has a market capitalization of $661.50 million, a PE ratio of 25.63 and a beta of 0.87.

ProShares S&P 500 High Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 7th. Investors of record on Monday, March 3rd were issued a dividend of $0.1783 per share. The ex-dividend date of this dividend was 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.