LPL Financial LLC Has $5.48 Million Stock Holdings in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ)

LPL Financial LLC cut its stake in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 141,162 shares of the company’s stock after selling 2,271 shares during the period. LPL Financial LLC owned 4.21% of ProShares Nasdaq-100 High Income ETF worth $5,484,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Pitti Group Wealth Management LLC boosted its position in ProShares Nasdaq-100 High Income ETF by 10.4% during the first quarter. Pitti Group Wealth Management LLC now owns 6,125 shares of the company’s stock valued at $238,000 after purchasing an additional 575 shares during the last quarter. Aptus Capital Advisors LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF in the fourth quarter valued at approximately $79,000. Focus Partners Wealth acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF in the fourth quarter valued at approximately $299,000. Masso Torrence Wealth Management Inc. lifted its position in shares of ProShares Nasdaq-100 High Income ETF by 10.6% in the first quarter. Masso Torrence Wealth Management Inc. now owns 89,820 shares of the company’s stock valued at $3,490,000 after buying an additional 8,645 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF in the fourth quarter valued at approximately $406,000.

ProShares Nasdaq-100 High Income ETF Stock Up 1.4%

IQQQ opened at $42.56 on Wednesday. ProShares Nasdaq-100 High Income ETF has a 12-month low of $33.00 and a 12-month high of $45.21. The stock has a market cap of $223.01 million, a price-to-earnings ratio of 34.31 and a beta of 1.21. The business has a 50 day moving average of $40.63 and a 200-day moving average of $39.76.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, August 7th. Stockholders of record on Friday, August 1st were given a $0.0275 dividend. The ex-dividend date of this dividend was Friday, August 1st.

About ProShares Nasdaq-100 High Income ETF

The ProShares Nasdaq-100 High Income ETF (IQQQ) is an exchange-traded fund that is based on the Nasdaq-100 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on Nasdaq-100 stocks. The fund seeks to generate a high level of income combined with the performance returns of the Nasdaq-100 Index over the long term.