Farther Finance Advisors LLC Takes $4.32 Million Position in ProShares Nasdaq-100 High Income ETF $IQQQ

Farther Finance Advisors LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 97,051 shares of the company’s stock, valued at approximately $4,317,000. Farther Finance Advisors LLC owned 1.22% of ProShares Nasdaq-100 High Income ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. grew its position in shares of ProShares Nasdaq-100 High Income ETF by 24.9% in the third quarter. Raymond James Financial Inc. now owns 906,974 shares of the company’s stock valued at $39,952,000 after purchasing an additional 180,658 shares during the period. Bank of America Corp DE grew its position in shares of ProShares Nasdaq-100 High Income ETF by 188.7% in the third quarter. Bank of America Corp DE now owns 796,205 shares of the company’s stock valued at $35,073,000 after purchasing an additional 520,437 shares during the period. Royal Bank of Canada grew its position in shares of ProShares Nasdaq-100 High Income ETF by 163.0% in the first quarter. Royal Bank of Canada now owns 140,046 shares of the company’s stock valued at $5,441,000 after purchasing an additional 86,794 shares during the period. Masso Torrence Wealth Management Inc. grew its position in shares of ProShares Nasdaq-100 High Income ETF by 2.9% in the third quarter. Masso Torrence Wealth Management Inc. now owns 99,671 shares of the company’s stock valued at $4,391,000 after purchasing an additional 2,850 shares during the period. Finally, PMG Family Office LLC purchased a new stake in shares of ProShares Nasdaq-100 High Income ETF in the third quarter valued at $1,963,000.

ProShares Nasdaq-100 High Income ETF Stock Up 1.2%

Shares of NASDAQ:IQQQ opened at $45.61 on Friday. The company has a market cap of $374.00 million, a P/E ratio of 34.31 and a beta of 1.11. ProShares Nasdaq-100 High Income ETF has a 52 week low of $33.98 and a 52 week high of $46.72. The business has a fifty day simple moving average of $43.37 and a 200-day simple moving average of $44.27.

ProShares Nasdaq-100 High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, April 1st were issued a $0.2519 dividend. The ex-dividend date was Wednesday, April 1st. This is an increase from ProShares Nasdaq-100 High Income ETF’s previous monthly dividend of $0.20. This represents a c) dividend on an annualized basis and a yield of 6.6%.

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.