Belpointe Asset Management LLC grew its holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY – Free Report) by 14.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,896 shares of the company’s stock after buying an additional 1,117 shares during the period. Belpointe Asset Management LLC’s holdings in ProShares S&P 500 High Income ETF were worth $377,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Comerica Bank purchased a new position in shares of ProShares S&P 500 High Income ETF during the 1st quarter worth about $90,000. AdvisorNet Financial Inc boosted its stake in shares of ProShares S&P 500 High Income ETF by 91.6% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,142 shares of the company’s stock worth $91,000 after purchasing an additional 1,024 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of ProShares S&P 500 High Income ETF during the 2nd quarter worth about $119,000. Eaton Financial Holdings Company LLC purchased a new position in shares of ProShares S&P 500 High Income ETF during the 1st quarter worth about $213,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of ProShares S&P 500 High Income ETF during the 1st quarter worth about $214,000.
ProShares S&P 500 High Income ETF Trading Down 2.6%
ISPY stock opened at $44.15 on Friday. ProShares S&P 500 High Income ETF has a 12 month low of $35.81 and a 12 month high of $46.83. The company has a 50-day moving average price of $44.11 and a 200 day moving average price of $41.93. The stock has a market cap of $1.01 billion, a PE 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.
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