Royal Bank of Canada Raises Stake in ProShares Nasdaq-100 High Income ETF $IQQQ

Royal Bank of Canada grew its position in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) by 4.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453,905 shares of the company’s stock after purchasing an additional 20,268 shares during the quarter. Royal Bank of Canada owned approximately 0.06% of ProShares Nasdaq-100 High Income ETF worth $18,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Focus Partners Wealth raised its position in shares of ProShares Nasdaq-100 High Income ETF by 57.1% during the 1st quarter. Focus Partners Wealth now owns 11,000 shares of the company’s stock valued at $427,000 after purchasing an additional 4,000 shares during the period. NewEdge Advisors LLC lifted its stake in shares of ProShares Nasdaq-100 High Income ETF by 441.3% during the 2nd quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock valued at $27,000 after buying an additional 534 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in ProShares Nasdaq-100 High Income ETF by 778.5% in the 2nd quarter. Raymond James Financial Inc. now owns 726,316 shares of the company’s stock worth $29,706,000 after buying an additional 643,640 shares during the period. Bank of America Corp DE boosted its holdings in ProShares Nasdaq-100 High Income ETF by 4,089.1% in the 2nd quarter. Bank of America Corp DE now owns 275,768 shares of the company’s stock worth $11,279,000 after buying an additional 269,185 shares during the period. Finally, Aptus Capital Advisors LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF in the 3rd quarter worth $82,000.

ProShares Nasdaq-100 High Income ETF Stock Down 0.5%

NASDAQ:IQQQ opened at $48.20 on Friday. The business’s 50-day simple moving average is $49.00 and its two-hundred day simple moving average is $46.45. ProShares Nasdaq-100 High Income ETF has a 52 week low of $40.43 and a 52 week high of $51.66. The stock has a market cap of $403.43 million, a PE ratio of 34.31 and a beta of 1.22.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 7th. Investors of record on Monday, August 3rd will be given a dividend of $0.2386 per share. The ex-dividend date is Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 5.9%.

ProShares Nasdaq-100 High Income ETF Profile

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.