Focus Partners Wealth Makes New Investment in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Focus Partners Wealth purchased a new position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,000 shares of the company’s stock, valued at approximately $310,000.

Other hedge funds have also recently made changes to their positions in the company. CoreCap Advisors LLC boosted its position in shares of ProShares S&P 500 High Income ETF by 91.5% in the 4th quarter. CoreCap Advisors LLC now owns 766 shares of the company’s stock worth $34,000 after purchasing an additional 366 shares in the last quarter. Aptus Capital Advisors LLC bought a new stake in shares of ProShares S&P 500 High Income ETF in the 4th quarter worth approximately $68,000. Coldstream Capital Management Inc. bought a new stake in shares of ProShares S&P 500 High Income ETF in the 4th quarter worth approximately $203,000. Foundations Investment Advisors LLC bought a new stake in shares of ProShares S&P 500 High Income ETF in the 4th quarter worth approximately $216,000. Finally, CAP Partners LLC bought a new stake in shares of ProShares S&P 500 High Income ETF in the 4th quarter worth approximately $231,000.

ProShares S&P 500 High Income ETF Stock Down 1.5%

Shares of ISPY opened at $40.17 on Thursday. The business’s 50 day moving average price is $39.98 and its 200-day moving average price is $43.21. ProShares S&P 500 High Income ETF has a 52 week low of $35.81 and a 52 week high of $46.83. The stock has a market cap of $773.67 million, a P/E ratio of 23.01 and a beta of 0.87.

ProShares S&P 500 High Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, March 3rd were given a $0.1783 dividend. The ex-dividend date was Monday, March 3rd.

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.