Zhang Financial LLC Invests $646,000 in ProShares S&P 500 High Income ETF $ISPY

Zhang Financial LLC bought a new position in shares of ProShares S&P 500 High Income ETF (BATS:ISPY) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,900 shares of the company’s stock, valued at approximately $646,000. Zhang Financial LLC owned about 0.07% of ProShares S&P 500 High Income ETF at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Capital Investment Advisors LLC increased its holdings in shares of ProShares S&P 500 High Income ETF by 3.7% in the fourth quarter. Capital Investment Advisors LLC now owns 784,615 shares of the company’s stock valued at $35,802,000 after purchasing an additional 27,896 shares during the last quarter. Sherman Wealth Management LLC bought a new position in shares of ProShares S&P 500 High Income ETF in the fourth quarter valued at about $650,000. Prosperity Financial Group Inc. lifted its stake in shares of ProShares S&P 500 High Income ETF by 27.8% during the 4th quarter. Prosperity Financial Group Inc. now owns 143,472 shares of the company’s stock worth $6,547,000 after buying an additional 31,217 shares during the last quarter. PFG Investments LLC lifted its stake in shares of ProShares S&P 500 High Income ETF by 16.1% during the 4th quarter. PFG Investments LLC now owns 138,930 shares of the company’s stock worth $6,339,000 after buying an additional 19,262 shares during the last quarter. Finally, Mutual Advisors LLC lifted its stake in shares of ProShares S&P 500 High Income ETF by 208.6% during the 4th quarter. Mutual Advisors LLC now owns 26,653 shares of the company’s stock worth $1,216,000 after buying an additional 18,015 shares during the last quarter.

ProShares S&P 500 High Income ETF Stock Performance

Shares of ISPY stock opened at $47.51 on Friday. ProShares S&P 500 High Income ETF has a 52 week low of $42.10 and a 52 week high of $49.08. The company has a market capitalization of $965.40 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. The company has a 50-day simple moving average of $48.01 and a 200 day simple moving average of $46.35.

ProShares S&P 500 High Income ETF 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. ISPY was launched on Dec 18, 2023 and is issued by ProShares.