Global Trust Asset Management LLC Acquires 500 Shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Global Trust Asset Management LLC increased its holdings in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 83.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,100 shares of the company’s stock after purchasing an additional 500 shares during the period. Global Trust Asset Management LLC’s holdings in ProShares S&P 500 High Income ETF were worth $49,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BKM Wealth Management LLC bought a new position in ProShares S&P 500 High Income ETF in the first quarter valued at about $1,346,000. Maxwell Wealth Strategies Inc. bought a new position in ProShares S&P 500 High Income ETF in the first quarter valued at about $718,000. SteelPeak Wealth LLC bought a new position in ProShares S&P 500 High Income ETF in the second quarter valued at about $1,330,000. Raymond James & Associates increased its stake in shares of ProShares S&P 500 High Income ETF by 103.2% in the second quarter. Raymond James & Associates now owns 89,104 shares of the company’s stock valued at $3,878,000 after buying an additional 45,257 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of ProShares S&P 500 High Income ETF in the second quarter valued at about $36,769,000.

ProShares S&P 500 High Income ETF Trading Down 0.0 %

Shares of ISPY stock opened at $44.90 on Friday. The stock has a market cap of $103.72 million, a price-to-earnings ratio of 24.03 and a beta of 0.87. The stock has a 50-day moving average of $44.12 and a 200-day moving average of $43.14. ProShares S&P 500 High Income ETF has a 1-year low of $39.61 and a 1-year high of $45.63.

ProShares S&P 500 High Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, September 3rd were paid a $0.6198 dividend. This is a boost from ProShares S&P 500 High Income ETF’s previous dividend of $0.45. The ex-dividend date was Tuesday, September 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.