Capital Investment Advisors LLC Takes Position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Capital Investment Advisors LLC purchased a new stake in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 268,754 shares of the company’s stock, valued at approximately $11,903,000. Capital Investment Advisors LLC owned about 11.63% of ProShares S&P 500 High Income ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ISPY. Sanctuary Advisors LLC bought a new position in ProShares S&P 500 High Income ETF during the 2nd quarter worth approximately $1,792,000. Chicago Partners Investment Group LLC grew its stake in ProShares S&P 500 High Income ETF by 11.6% in the third quarter. Chicago Partners Investment Group LLC now owns 6,869 shares of the company’s stock valued at $308,000 after acquiring an additional 712 shares during the period. Raymond James & Associates raised its position in shares of ProShares S&P 500 High Income ETF by 557.1% during the third quarter. Raymond James & Associates now owns 585,463 shares of the company’s stock worth $26,240,000 after purchasing an additional 496,359 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in ProShares S&P 500 High Income ETF during the 3rd quarter worth approximately $805,000. Finally, Kingsview Wealth Management LLC acquired a new stake in ProShares S&P 500 High Income ETF during the 3rd quarter worth approximately $2,647,000.

ProShares S&P 500 High Income ETF Stock Down 0.5 %

Shares of NYSEARCA:ISPY traded down $0.23 during midday trading on Monday, reaching $43.55. 110,605 shares of the company were exchanged, compared to its average volume of 224,359. The firm has a market cap of $100.60 million, a PE ratio of 24.03 and a beta of 0.87. ProShares S&P 500 High Income ETF has a fifty-two week low of $39.85 and a fifty-two week high of $46.83. The stock has a fifty day simple moving average of $45.18 and a two-hundred day simple moving average of $44.27.

ProShares S&P 500 High Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.2171 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About ProShares S&P 500 High Income ETF

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.