Cetera Investment Advisers Grows Stock Position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Cetera Investment Advisers grew its position in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 56.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,791 shares of the company’s stock after buying an additional 5,667 shares during the period. Cetera Investment Advisers owned 0.11% of ProShares S&P 500 High Income ETF worth $699,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Aptus Capital Advisors LLC bought a new stake in shares of ProShares S&P 500 High Income ETF during the fourth quarter valued at about $68,000. Coldstream Capital Management Inc. bought a new stake in ProShares S&P 500 High Income ETF during the 4th quarter worth approximately $203,000. Foundations Investment Advisors LLC bought a new stake in ProShares S&P 500 High Income ETF during the 4th quarter worth approximately $216,000. CAP Partners LLC purchased a new stake in ProShares S&P 500 High Income ETF in the 4th quarter worth approximately $231,000. Finally, Woodmont Investment Counsel LLC lifted its stake in ProShares S&P 500 High Income ETF by 5.7% in the 4th quarter. Woodmont Investment Counsel LLC now owns 5,600 shares of the company’s stock worth $248,000 after purchasing an additional 300 shares in the last quarter.

ProShares S&P 500 High Income ETF Stock Performance

Shares of ISPY stock opened at $39.91 on Monday. The company has a market capitalization of $779.84 million, a PE ratio of 24.82 and a beta of 0.87. ProShares S&P 500 High Income ETF has a 52-week low of $35.81 and a 52-week high of $46.83. The business’s fifty day moving average is $39.89 and its 200 day moving average is $43.12.

ProShares S&P 500 High Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1783 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.