Concurrent Investment Advisors LLC Acquires New Position in ProShares Nasdaq-100 High Income ETF $IQQQ

Concurrent Investment Advisors LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,000 shares of the company’s stock, valued at approximately $204,000. Concurrent Investment Advisors LLC owned 0.10% of ProShares Nasdaq-100 High Income ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. City Center Advisors LLC lifted its stake in shares of ProShares Nasdaq-100 High Income ETF by 10.6% in the second quarter. City Center Advisors LLC now owns 5,912 shares of the company’s stock valued at $242,000 after purchasing an additional 566 shares during the period. CAP Partners LLC acquired a new position in ProShares Nasdaq-100 High Income ETF during the first quarter worth about $292,000. Clarus Wealth Advisors acquired a new position in ProShares Nasdaq-100 High Income ETF during the second quarter worth about $410,000. Financial Partners Group Inc acquired a new position in ProShares Nasdaq-100 High Income ETF during the first quarter worth about $417,000. Finally, Maia Wealth LLC raised its position in ProShares Nasdaq-100 High Income ETF by 133.6% during the first quarter. Maia Wealth LLC now owns 11,722 shares of the company’s stock worth $423,000 after acquiring an additional 6,704 shares during the last quarter.

ProShares Nasdaq-100 High Income ETF Trading Up 1.4%

Shares of IQQQ opened at $44.87 on Tuesday. The stock has a market cap of $288.51 million, a P/E ratio of 34.31 and a beta of 1.21. The company has a 50-day moving average of $43.14 and a two-hundred day moving average of $40.36. ProShares Nasdaq-100 High Income ETF has a 12-month low of $33.00 and a 12-month high of $45.21.

ProShares Nasdaq-100 High Income ETF Profile

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.