Grant GrossMendelsohn LLC Trims Stock Holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Grant GrossMendelsohn LLC cut its holdings in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,953 shares of the company’s stock after selling 829 shares during the quarter. Grant GrossMendelsohn LLC owned approximately 0.65% of ProShares S&P 500 High Income ETF worth $662,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ISPY. Sanctuary Advisors LLC acquired a new stake in ProShares S&P 500 High Income ETF in the second quarter valued at $1,792,000. Brookstone Capital Management acquired a new stake in shares of ProShares S&P 500 High Income ETF in the 3rd quarter valued at about $331,000. Raymond James & Associates lifted its position in shares of ProShares S&P 500 High Income ETF by 557.1% during the third quarter. Raymond James & Associates now owns 585,463 shares of the company’s stock worth $26,240,000 after purchasing an additional 496,359 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in ProShares S&P 500 High Income ETF by 10.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 933,029 shares of the company’s stock worth $41,818,000 after purchasing an additional 88,146 shares in the last quarter. Finally, Global Trust Asset Management LLC increased its holdings in ProShares S&P 500 High Income ETF by 83.3% in the third quarter. Global Trust Asset Management LLC now owns 1,100 shares of the company’s stock valued at $49,000 after buying an additional 500 shares during the last quarter.

ProShares S&P 500 High Income ETF Stock Up 1.0 %

NYSEARCA:ISPY opened at $45.04 on Friday. The company has a market cap of $104.04 million, a PE ratio of 24.03 and a beta of 0.87. The business’s 50 day moving average is $45.15 and its two-hundred day moving average is $44.28. ProShares S&P 500 High Income ETF has a 52 week low of $39.85 and a 52 week high of $46.83.

ProShares S&P 500 High Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.2171 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

ProShares S&P 500 High Income ETF Company 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.