Brown Advisory Inc. Takes $464,000 Position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Brown Advisory Inc. purchased a new stake in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,026 shares of the company’s stock, valued at approximately $464,000. Brown Advisory Inc. owned about 0.06% of ProShares S&P 500 High Income ETF at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of ProShares S&P 500 High Income ETF during the 4th quarter valued at $49,268,000. Bank of America Corp DE lifted its holdings in shares of ProShares S&P 500 High Income ETF by 26,085.4% during the 4th quarter. Bank of America Corp DE now owns 864,904 shares of the company’s stock valued at $38,307,000 after acquiring an additional 861,601 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of ProShares S&P 500 High Income ETF by 148.4% during the 4th quarter. LPL Financial LLC now owns 787,278 shares of the company’s stock valued at $34,869,000 after acquiring an additional 470,383 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of ProShares S&P 500 High Income ETF by 147.4% during the 1st quarter. Capital Investment Advisors LLC now owns 665,025 shares of the company’s stock valued at $27,991,000 after acquiring an additional 396,271 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of ProShares S&P 500 High Income ETF by 102.0% during the 4th quarter. Royal Bank of Canada now owns 739,260 shares of the company’s stock valued at $32,742,000 after acquiring an additional 373,355 shares in the last quarter.

ProShares S&P 500 High Income ETF Price Performance

Shares of ISPY stock opened at $42.53 on Wednesday. ProShares S&P 500 High Income ETF has a 12 month low of $35.81 and a 12 month high of $46.83. The firm has a market capitalization of $879.95 million, a P/E ratio of 25.81 and a beta of 0.87. The company’s fifty day moving average price is $41.13 and its two-hundred day moving average price is $42.11.

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.