Richmond Investment Services LLC Sells 308,297 Shares of ProShares S&P 500 High Income ETF $ISPY

Richmond Investment Services LLC decreased its position in shares of ProShares S&P 500 High Income ETF (BATS:ISPY) by 93.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,167 shares of the company’s stock after selling 308,297 shares during the quarter. Richmond Investment Services LLC owned about 0.11% of ProShares S&P 500 High Income ETF worth $961,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ISPY. Morgan Stanley grew its holdings in shares of ProShares S&P 500 High Income ETF by 29.0% in the 4th quarter. Morgan Stanley now owns 4,162,211 shares of the company’s stock valued at $189,922,000 after buying an additional 935,443 shares during the period. Raymond James Financial Inc. raised its stake in ProShares S&P 500 High Income ETF by 13.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,879,053 shares of the company’s stock worth $84,764,000 after buying an additional 220,264 shares during the period. Bank of America Corp DE lifted its holdings in ProShares S&P 500 High Income ETF by 18.1% during the third quarter. Bank of America Corp DE now owns 1,298,080 shares of the company’s stock worth $58,556,000 after acquiring an additional 198,606 shares in the last quarter. LPL Financial LLC grew its stake in ProShares S&P 500 High Income ETF by 22.2% in the fourth quarter. LPL Financial LLC now owns 1,114,368 shares of the company’s stock valued at $50,849,000 after acquiring an additional 202,221 shares during the period. Finally, Royal Bank of Canada grew its stake in ProShares S&P 500 High Income ETF by 1.4% in the fourth quarter. Royal Bank of Canada now owns 1,050,626 shares of the company’s stock valued at $47,940,000 after acquiring an additional 14,186 shares during the period.

ProShares S&P 500 High Income ETF Price Performance

BATS ISPY opened at $47.99 on Wednesday. ProShares S&P 500 High Income ETF has a one year low of $42.10 and a one year high of $49.08. The firm has a market cap of $975.16 million, a P/E ratio of 25.81 and a beta of 0.87. The stock’s 50-day moving average is $47.82 and its 200-day moving average is $46.22.

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.