US Bancorp DE Makes New $504,000 Investment in ProShares Russell 2000 High Income ETF $ITWO

US Bancorp DE acquired a new stake in ProShares Russell 2000 High Income ETF (NYSEARCA:ITWO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,775 shares of the company’s stock, valued at approximately $504,000. US Bancorp DE owned about 0.61% of ProShares Russell 2000 High Income ETF as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in shares of ProShares Russell 2000 High Income ETF in the third quarter valued at approximately $197,000. Daymark Wealth Partners LLC purchased a new stake in shares of ProShares Russell 2000 High Income ETF during the third quarter valued at approximately $318,000. Stratos Wealth Partners LTD. bought a new stake in ProShares Russell 2000 High Income ETF during the third quarter worth $360,000. Raymond James Financial Inc. bought a new stake in ProShares Russell 2000 High Income ETF during the second quarter worth $389,000. Finally, Focus Partners Wealth boosted its position in ProShares Russell 2000 High Income ETF by 64.3% in the first quarter. Focus Partners Wealth now owns 11,500 shares of the company’s stock worth $414,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors own 52.36% of the company’s stock.

ProShares Russell 2000 High Income ETF Price Performance

Shares of NYSEARCA:ITWO opened at $40.28 on Tuesday. The company has a market capitalization of $139.77 million, a PE ratio of 25.33 and a beta of 1.80. The business has a fifty day moving average price of $41.75 and a two-hundred day moving average price of $40.27. ProShares Russell 2000 High Income ETF has a 1 year low of $30.66 and a 1 year high of $43.54.

ProShares Russell 2000 High Income ETF Profile

The ProShares Russell 2000 High Income ETF (ITWO) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index that holds Russell 2000 stocks and sells daily call options on the same index. The fund primarily uses swaps to replicate the buy-write strategy in replicating returns of the sub-index. ITWO was launched on Sep 4, 2024 and is issued by ProShares.