Wedbush Securities Inc. Makes New Investment in ProShares S&P 500 High Income ETF $ISPY

Wedbush Securities Inc. purchased a new stake in ProShares S&P 500 High Income ETF (BATS:ISPY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 37,084 shares of the company’s stock, valued at approximately $1,773,000.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in ProShares S&P 500 High Income ETF by 4.5% during the first quarter. Bank of America Corp DE now owns 1,436,711 shares of the company’s stock worth $62,281,000 after purchasing an additional 61,472 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in ProShares S&P 500 High Income ETF by 4.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,047,800 shares of the company’s stock worth $50,493,000 after purchasing an additional 42,316 shares in the last quarter. Sanctuary Advisors LLC increased its stake in ProShares S&P 500 High Income ETF by 2.1% in the 1st quarter. Sanctuary Advisors LLC now owns 318,448 shares of the company’s stock valued at $13,805,000 after buying an additional 6,528 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in ProShares S&P 500 High Income ETF by 5.6% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 279,318 shares of the company’s stock valued at $12,108,000 after buying an additional 14,856 shares during the last quarter. Finally, SageGuard Financial Group LLC increased its stake in ProShares S&P 500 High Income ETF by 192.7% in the 1st quarter. SageGuard Financial Group LLC now owns 113,123 shares of the company’s stock valued at $4,904,000 after buying an additional 74,470 shares during the last quarter.

ProShares S&P 500 High Income ETF Price Performance

Shares of BATS ISPY opened at $47.51 on Monday. The company has a market capitalization of $965.40 million, a PE ratio of 25.81 and a beta of 0.87. The stock’s 50 day moving average price is $48.19 and its 200-day moving average price is $47.78. ProShares S&P 500 High Income ETF has a twelve month low of $42.10 and a twelve month high of $49.25.

ProShares S&P 500 High Income ETF Company Profile

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. ISPY was launched on Dec 18, 2023 and is issued by ProShares.