Level Four Advisory Services LLC Raises Position in ProShares Nasdaq-100 High Income ETF $IQQQ

Level Four Advisory Services LLC grew its holdings in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) by 316.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,080 shares of the company’s stock after acquiring an additional 18,300 shares during the period. Level Four Advisory Services LLC owned about 0.36% of ProShares Nasdaq-100 High Income ETF worth $1,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. boosted its holdings in ProShares Nasdaq-100 High Income ETF by 778.5% in the second quarter. Raymond James Financial Inc. now owns 726,316 shares of the company’s stock valued at $29,706,000 after purchasing an additional 643,640 shares during the period. Bank of America Corp DE raised its position 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 valued at $11,279,000 after purchasing an additional 269,185 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of ProShares Nasdaq-100 High Income ETF by 163.0% in the 1st quarter. Royal Bank of Canada now owns 140,046 shares of the company’s stock valued at $5,441,000 after buying an additional 86,794 shares during the period. Osaic Holdings Inc. boosted its stake in shares of ProShares Nasdaq-100 High Income ETF by 4,043.2% in the 2nd quarter. Osaic Holdings Inc. now owns 39,195 shares of the company’s stock valued at $1,603,000 after buying an additional 38,249 shares during the period. Finally, Essex Financial Services Inc. acquired a new position in shares of ProShares Nasdaq-100 High Income ETF during the third quarter worth about $337,000.

ProShares Nasdaq-100 High Income ETF Stock Performance

IQQQ stock opened at $43.90 on Friday. The company’s 50 day moving average price is $44.53 and its 200 day moving average price is $44.20. The firm has a market capitalization of $349.88 million, a price-to-earnings ratio of 34.31 and a beta of 1.09. ProShares Nasdaq-100 High Income ETF has a fifty-two week low of $33.00 and a fifty-two week high of $46.72.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 6th. Stockholders of record on Monday, March 2nd will be issued a $0.2033 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Monday, March 2nd.

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.