ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its holdings in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 148.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 787,278 shares of the company’s stock after buying an additional 470,383 shares during the period. LPL Financial LLC owned approximately 0.34% of ProShares S&P 500 High Income ETF worth $34,869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ISPY. Integrated Wealth Concepts LLC bought a new position in shares of ProShares S&P 500 High Income ETF during the third quarter valued at approximately $335,000. Sanctuary Advisors LLC grew its stake in ProShares S&P 500 High Income ETF by 105.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 88,736 shares of the company’s stock worth $4,032,000 after buying an additional 45,619 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in ProShares S&P 500 High Income ETF in the fourth quarter worth $11,903,000. AdvisorNet Financial Inc bought a new stake in ProShares S&P 500 High Income ETF in the fourth quarter valued at $65,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of 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 valued at $48,975,000 after acquiring an additional 172,752 shares during the period.

ProShares S&P 500 High Income ETF Stock Down 1.7 %

ISPY stock opened at $41.87 on Friday. The stock has a market cap of $723.09 million, a PE ratio of 25.37 and a beta of 0.87. The firm’s 50-day simple moving average is $44.24 and its 200 day simple moving average is $44.63. ProShares S&P 500 High Income ETF has a fifty-two week low of $39.85 and a fifty-two week high of $46.83.

ProShares S&P 500 High Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, March 3rd were paid a $0.1783 dividend. 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.