Requisite Capital Management LLC Buys New Holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Requisite Capital Management LLC purchased a new position in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 113,343 shares of the company’s stock, valued at approximately $5,020,000. ProShares S&P 500 High Income ETF makes up approximately 1.0% of Requisite Capital Management LLC’s holdings, making the stock its 13th largest holding. Requisite Capital Management LLC owned about 4.91% 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 bought and sold shares of the business. Global Trust Asset Management LLC boosted its holdings in shares of ProShares S&P 500 High Income ETF by 83.3% in the 3rd quarter. Global Trust Asset Management LLC now owns 1,100 shares of the company’s stock worth $49,000 after acquiring an additional 500 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in shares of ProShares S&P 500 High Income ETF during the fourth quarter worth $65,000. Maia Wealth LLC acquired a new stake in shares of ProShares S&P 500 High Income ETF in the third quarter valued at $219,000. Woodmont Investment Counsel LLC bought a new position in shares of ProShares S&P 500 High Income ETF in the third quarter valued at about $238,000. Finally, Chicago Partners Investment Group LLC lifted its position in ProShares S&P 500 High Income ETF by 11.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,869 shares of the company’s stock worth $308,000 after buying an additional 712 shares in the last quarter.

ProShares S&P 500 High Income ETF Trading Down 0.3 %

Shares of NYSEARCA ISPY opened at $45.82 on Friday. ProShares S&P 500 High Income ETF has a 1 year low of $39.85 and a 1 year high of $46.83. The firm’s 50-day moving average is $45.17 and its 200-day moving average is $44.36. The firm has a market capitalization of $105.84 million, a PE ratio of 24.03 and a beta of 0.87.

ProShares S&P 500 High Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.2171 per share. The ex-dividend date 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.