Kingsview Wealth Management LLC Invests $2.65 Million in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Kingsview Wealth Management LLC bought a new position in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 59,066 shares of the company’s stock, valued at approximately $2,647,000.

Several other hedge funds have also added to or reduced their stakes in ISPY. Sanctuary Advisors LLC acquired a new position in shares of ProShares S&P 500 High Income ETF in the second quarter valued at about $1,792,000. Chicago Partners Investment Group LLC grew its position in shares of ProShares S&P 500 High Income ETF by 11.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,869 shares of the company’s stock worth $308,000 after purchasing an additional 712 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of ProShares S&P 500 High Income ETF during the second quarter worth approximately $36,769,000. PFG Investments LLC raised its position in shares of ProShares S&P 500 High Income ETF by 98.1% in the second quarter. PFG Investments LLC now owns 37,504 shares of the company’s stock valued at $1,632,000 after buying an additional 18,571 shares in the last quarter. Finally, Essex Financial Services Inc. acquired a new stake in shares of ProShares S&P 500 High Income ETF in the second quarter valued at approximately $298,000.

ProShares S&P 500 High Income ETF Stock Up 0.4 %

ISPY opened at $45.44 on Monday. ProShares S&P 500 High Income ETF has a twelve month low of $39.61 and a twelve month high of $46.83. The stock has a market capitalization of $104.97 million, a price-to-earnings ratio of 24.03 and a beta of 0.87. The company has a 50-day simple moving average of $44.73 and a 200 day simple moving average of $43.68.

ProShares S&P 500 High Income ETF Increases Dividend

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

About ProShares S&P 500 High Income ETF

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.