Lido Advisors LLC Invests $819,000 in ProShares Nasdaq-100 High Income ETF $IQQQ

Lido Advisors LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 19,635 shares of the company’s stock, valued at approximately $819,000.

A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. lifted its position in ProShares Nasdaq-100 High Income ETF by 24.9% in the 3rd quarter. Raymond James Financial Inc. now owns 906,974 shares of the company’s stock worth $39,952,000 after buying an additional 180,658 shares during the last quarter. Bank of America Corp DE grew its position in ProShares Nasdaq-100 High Income ETF by 188.7% during the third quarter. Bank of America Corp DE now owns 796,205 shares of the company’s stock valued at $35,073,000 after acquiring an additional 520,437 shares during the last quarter. LPL Financial LLC grew its position in ProShares Nasdaq-100 High Income ETF by 37.6% during the fourth quarter. LPL Financial LLC now owns 388,743 shares of the company’s stock valued at $17,291,000 after acquiring an additional 106,307 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of ProShares Nasdaq-100 High Income ETF by 5.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 175,346 shares of the company’s stock worth $7,799,000 after acquiring an additional 9,350 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of ProShares Nasdaq-100 High Income ETF by 163.0% during the first quarter. Royal Bank of Canada now owns 140,046 shares of the company’s stock worth $5,441,000 after acquiring an additional 86,794 shares in the last quarter.

ProShares Nasdaq-100 High Income ETF Stock Performance

Shares of IQQQ opened at $46.28 on Wednesday. The firm has a market cap of $387.36 million, a price-to-earnings ratio of 34.31 and a beta of 1.19. ProShares Nasdaq-100 High Income ETF has a fifty-two week low of $40.43 and a fifty-two week high of $51.66. The firm has a 50 day moving average price of $49.37 and a 200-day moving average price of $46.33.

ProShares Nasdaq-100 High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were issued a dividend of $0.4592 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 11.9%.

About ProShares Nasdaq-100 High Income ETF

The ProShares Nasdaq-100 High Income ETF (IQQQ) is an exchange-traded fund that is based on the Nasdaq-100 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on Nasdaq-100 stocks. The fund seeks to generate a high level of income combined with the performance returns of the Nasdaq-100 Index over the long term.