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

Level Four Advisory Services LLC raised its holdings in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) by 316.6% during the third quarter, Holdings Channel reports. The institutional investor owned 24,080 shares of the company’s stock after buying an additional 18,300 shares during the period. Level Four Advisory Services LLC’s holdings in ProShares Nasdaq-100 High Income ETF were worth $1,061,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Osaic Holdings Inc. increased its holdings 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 acquiring an additional 38,249 shares during the last quarter. Montag A & Associates Inc. purchased a new stake in ProShares Nasdaq-100 High Income ETF during the second quarter worth approximately $137,000. Kingsview Wealth Management LLC lifted its stake in ProShares Nasdaq-100 High Income ETF by 3.2% during the second quarter. Kingsview Wealth Management LLC now owns 58,851 shares of the company’s stock worth $2,407,000 after purchasing an additional 1,809 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in ProShares Nasdaq-100 High Income ETF by 239.8% in the second quarter. SBI Securities Co. Ltd. now owns 2,467 shares of the company’s stock valued at $101,000 after purchasing an additional 1,741 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in ProShares Nasdaq-100 High Income ETF by 1.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 160,064 shares of the company’s stock valued at $6,547,000 after purchasing an additional 1,743 shares during the last quarter.

ProShares Nasdaq-100 High Income ETF Trading Down 0.5%

IQQQ stock opened at $43.90 on Friday. The stock has a market cap of $349.88 million, a P/E ratio of 34.31 and a beta of 1.09. ProShares Nasdaq-100 High Income ETF has a twelve month low of $33.00 and a twelve month high of $46.72. The company’s 50 day moving average is $44.53 and its two-hundred day moving average is $44.20.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

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

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.