Commonwealth Equity Services LLC Grows Stock Position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Commonwealth Equity Services LLC boosted its position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 231.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,326 shares of the company’s stock after buying an additional 28,841 shares during the period. Commonwealth Equity Services LLC owned approximately 1.79% of ProShares S&P 500 High Income ETF worth $1,830,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in ProShares S&P 500 High Income ETF during the third quarter worth $335,000. Sanctuary Advisors LLC increased its holdings in shares of ProShares S&P 500 High Income ETF by 105.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 88,736 shares of the company’s stock valued at $4,032,000 after purchasing an additional 45,619 shares in the last quarter. Capital Investment Advisors LLC acquired a new stake in shares of ProShares S&P 500 High Income ETF in the fourth quarter valued at about $11,903,000. AdvisorNet Financial Inc purchased a new stake in ProShares S&P 500 High Income ETF during the fourth quarter worth about $65,000. Finally, Hennion & Walsh Asset Management Inc. grew 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 during the period.

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

ISPY stock opened at $41.87 on Friday. The firm has a 50 day moving average of $44.24 and a 200-day moving average of $44.63. The company has a market cap of $723.09 million, a price-to-earnings ratio of 25.37 and a beta of 0.87. ProShares S&P 500 High Income ETF has a 12-month low of $39.85 and a 12-month 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. Stockholders of record on Monday, March 3rd were given a $0.1783 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.