Belpointe Asset Management LLC Takes Position in ProShares S&P 500 High Income ETF $ISPY

Belpointe Asset Management LLC bought a new stake in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,779 shares of the company’s stock, valued at approximately $327,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. increased its holdings in ProShares S&P 500 High Income ETF by 20.7% in the first quarter. Raymond James Financial Inc. now owns 1,342,528 shares of the company’s stock valued at $56,507,000 after buying an additional 230,134 shares in the last quarter. LPL Financial LLC grew its holdings in shares of ProShares S&P 500 High Income ETF by 21.0% in the 1st quarter. LPL Financial LLC now owns 952,878 shares of the company’s stock worth $40,107,000 after acquiring an additional 165,600 shares during the period. Royal Bank of Canada grew its holdings in shares of ProShares S&P 500 High Income ETF by 21.2% in the 1st quarter. Royal Bank of Canada now owns 895,733 shares of the company’s stock worth $37,702,000 after acquiring an additional 156,473 shares during the period. Capital Investment Advisors LLC grew its holdings in shares of ProShares S&P 500 High Income ETF by 147.4% in the 1st quarter. Capital Investment Advisors LLC now owns 665,025 shares of the company’s stock worth $27,991,000 after acquiring an additional 396,271 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of ProShares S&P 500 High Income ETF by 32.3% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 324,294 shares of the company’s stock worth $13,650,000 after acquiring an additional 79,128 shares during the period.

ProShares S&P 500 High Income ETF Price Performance

ISPY opened at $44.36 on Monday. The stock has a market cap of $933.33 million, a P/E ratio of 25.81 and a beta of 0.87. The stock’s 50 day simple moving average is $43.31 and its 200 day simple moving average is $41.63. ProShares S&P 500 High Income ETF has a 1-year low of $35.81 and a 1-year high of $46.83.

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.