Woodmont Investment Counsel LLC Makes New $238,000 Investment in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Woodmont Investment Counsel LLC acquired a new stake in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,300 shares of the company’s stock, valued at approximately $238,000. Woodmont Investment Counsel LLC owned approximately 0.23% of ProShares S&P 500 High Income ETF as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of ProShares S&P 500 High Income ETF during the second quarter worth approximately $1,792,000. Chicago Partners Investment Group LLC boosted its stake 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 valued at $308,000 after purchasing an additional 712 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of ProShares S&P 500 High Income ETF in the second quarter worth approximately $36,769,000. PFG Investments LLC boosted its position in shares of ProShares S&P 500 High Income ETF by 98.1% during the second quarter. PFG Investments LLC now owns 37,504 shares of the company’s stock valued at $1,632,000 after buying an additional 18,571 shares during the last quarter. Finally, Essex Financial Services Inc. purchased a new stake in ProShares S&P 500 High Income ETF in the 2nd quarter valued at $298,000.

ProShares S&P 500 High Income ETF Price Performance

Shares of ISPY stock opened at $45.31 on Friday. ProShares S&P 500 High Income ETF has a one year low of $39.61 and a one year high of $46.83. The company has a market cap of $104.67 million, a P/E ratio of 24.03 and a beta of 0.87. The firm has a 50-day moving average of $44.23 and a 200-day moving average of $43.33.

ProShares S&P 500 High Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, September 3rd were issued a $0.6198 dividend. The ex-dividend date was Tuesday, September 3rd. This is a positive change from ProShares S&P 500 High Income ETF’s previous dividend of $0.45.

ProShares S&P 500 High Income ETF 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.