Morse Asset Management Inc lessened its holdings in shares of ProShares S&P 500 High Income ETF (BATS:ISPY – Free Report) by 64.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,571 shares of the company’s stock after selling 19,154 shares during the quarter. Morse Asset Management Inc’s holdings in ProShares S&P 500 High Income ETF were worth $477,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. North Star Investment Management Corp. bought a new stake in shares of ProShares S&P 500 High Income ETF in the third quarter worth $45,000. Aptus Capital Advisors LLC acquired a new position in ProShares S&P 500 High Income ETF during the 3rd quarter worth $65,000. Comerica Bank bought a new stake in shares of ProShares S&P 500 High Income ETF in the 1st quarter worth about $90,000. Brown Lisle Cummings Inc. bought a new stake in shares of ProShares S&P 500 High Income ETF in the 3rd quarter worth about $103,000. Finally, AdvisorNet Financial Inc raised its stake in shares of ProShares S&P 500 High Income ETF by 50.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 3,226 shares of the company’s stock valued at $146,000 after purchasing an additional 1,084 shares in the last quarter.
ProShares S&P 500 High Income ETF Stock Up 1.0%
Shares of ProShares S&P 500 High Income ETF stock opened at $44.50 on Tuesday. The business has a 50-day moving average price of $45.77 and a 200 day moving average price of $45.37. ProShares S&P 500 High Income ETF has a fifty-two week low of $35.81 and a fifty-two week high of $46.72. The firm has a market cap of $904.24 million, a P/E ratio of 25.81 and a beta of 0.87.
About ProShares S&P 500 High Income ETF
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.
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