Accel Wealth Management Decreases Stock Holdings in ProShares S&P 500 High Income ETF $ISPY

Accel Wealth Management reduced its stake in shares of ProShares S&P 500 High Income ETF (BATS:ISPY) by 28.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 37,230 shares of the company’s stock after selling 14,760 shares during the quarter. Accel Wealth Management’s holdings in ProShares S&P 500 High Income ETF were worth $1,794,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. NBC Securities Inc. purchased a new stake in shares of ProShares S&P 500 High Income ETF in the fourth quarter valued at approximately $27,000. Chelsea Counsel Co. increased its holdings in shares of ProShares S&P 500 High Income ETF by 71.4% in the first quarter. Chelsea Counsel Co. now owns 600 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. Sarver Vrooman Wealth Advisors purchased a new position in ProShares S&P 500 High Income ETF during the fourth quarter worth approximately $34,000. Huntington National Bank purchased a new position in ProShares S&P 500 High Income ETF during the fourth quarter worth approximately $34,000. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in ProShares S&P 500 High Income ETF by 74.8% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 783 shares of the company’s stock worth $36,000 after buying an additional 335 shares during the last quarter.

ProShares S&P 500 High Income ETF Stock Down 0.4%

Shares of BATS:ISPY opened at $48.69 on Wednesday. The business has a fifty day moving average of $47.93 and a two-hundred day moving average of $46.58. The stock has a market cap of $989.38 million, a P/E ratio of 25.81 and a beta of 0.87. ProShares S&P 500 High Income ETF has a 52-week low of $42.10 and a 52-week high of $49.08.

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.