AdvisorNet Financial Inc Grows Stock Position in ProShares S&P 500 High Income ETF $ISPY

AdvisorNet Financial Inc boosted its holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 91.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,142 shares of the company’s stock after purchasing an additional 1,024 shares during the quarter. AdvisorNet Financial Inc’s holdings in ProShares S&P 500 High Income ETF were worth $91,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Signal Advisors Wealth LLC bought a new position in ProShares S&P 500 High Income ETF in the 2nd quarter worth approximately $266,000. BOS Asset Management LLC boosted its stake in ProShares S&P 500 High Income ETF by 21.5% in the 1st quarter. BOS Asset Management LLC now owns 13,334 shares of the company’s stock worth $561,000 after purchasing an additional 2,357 shares during the period. Belpointe Asset Management LLC bought a new position in ProShares S&P 500 High Income ETF in the 1st quarter worth approximately $327,000. Focus Partners Wealth boosted its stake in ProShares S&P 500 High Income ETF by 57.1% in the 1st quarter. Focus Partners Wealth now owns 11,000 shares of the company’s stock worth $463,000 after purchasing an additional 4,000 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in ProShares S&P 500 High Income ETF by 26.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,828 shares of the company’s stock worth $666,000 after purchasing an additional 3,327 shares during the period.

ProShares S&P 500 High Income ETF Price Performance

ISPY stock opened at $44.82 on Friday. ProShares S&P 500 High Income ETF has a 1-year low of $35.81 and a 1-year high of $46.83. The company has a market capitalization of $943.01 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. The business has a 50 day simple moving average of $43.73 and a two-hundred day simple moving average of $41.75.

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.