ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Stake Lifted by PFG Investments LLC

PFG Investments LLC raised its stake in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) by 43.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 60,743 shares of the company’s stock after buying an additional 18,321 shares during the quarter. PFG Investments LLC owned approximately 2.01% of ProShares Nasdaq-100 High Income ETF worth $2,360,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IQQQ. SBI Securities Co. Ltd. acquired a new position in shares of ProShares Nasdaq-100 High Income ETF during the fourth quarter worth approximately $51,000. Aptus Capital Advisors LLC bought a new stake in ProShares Nasdaq-100 High Income ETF during the 4th quarter valued at $79,000. Pitti Group Wealth Management LLC acquired a new position in ProShares Nasdaq-100 High Income ETF during the 4th quarter worth $237,000. Focus Partners Wealth bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the fourth quarter worth $299,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the fourth quarter worth $406,000.

ProShares Nasdaq-100 High Income ETF Stock Performance

Shares of IQQQ opened at $38.96 on Friday. ProShares Nasdaq-100 High Income ETF has a one year low of $33.00 and a one year high of $45.21. The stock’s fifty day moving average is $37.77 and its 200-day moving average is $40.35. The firm has a market capitalization of $128.18 million, a price-to-earnings ratio of 31.25 and a beta of 1.21.

ProShares Nasdaq-100 High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.4233 per share. This is a boost from ProShares Nasdaq-100 High Income ETF’s previous monthly dividend of $0.10. The ex-dividend date was Monday, June 2nd. This represents a $5.08 annualized dividend and a yield of 13.04%.

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.