Woodmont Investment Counsel LLC increased its holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY – Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,600 shares of the company’s stock after purchasing an additional 300 shares during the period. Woodmont Investment Counsel LLC owned approximately 0.24% of ProShares S&P 500 High Income ETF worth $248,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of ISPY. AdvisorNet Financial Inc bought a new stake in shares of ProShares S&P 500 High Income ETF during the 4th quarter worth about $65,000. Foundations Investment Advisors LLC bought a new stake in ProShares S&P 500 High Income ETF during the fourth quarter worth approximately $216,000. CAP Partners LLC bought a new stake in ProShares S&P 500 High Income ETF during the fourth quarter worth approximately $231,000. Signature Wealth Management Partners LLC acquired a new position in ProShares S&P 500 High Income ETF during the fourth quarter valued at approximately $274,000. Finally, Independent Advisor Alliance bought a new position in shares of ProShares S&P 500 High Income ETF in the fourth quarter valued at approximately $278,000.
ProShares S&P 500 High Income ETF Trading Up 1.0 %
NYSEARCA ISPY opened at $43.21 on Tuesday. ProShares S&P 500 High Income ETF has a 1 year low of $39.85 and a 1 year high of $46.83. The company has a fifty day simple moving average of $44.39 and a 200 day simple moving average of $44.65. The company has a market cap of $746.24 million, a P/E ratio of 25.37 and a beta of 0.87.
ProShares S&P 500 High Income ETF Cuts Dividend
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.
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