Hennion & Walsh Asset Management Inc. Buys 64,408 Shares of ProShares S&P 500 High Income ETF $ISPY

Hennion & Walsh Asset Management Inc. grew its position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 927,830 shares of the company’s stock after acquiring an additional 64,408 shares during the period. ProShares S&P 500 High Income ETF comprises about 1.5% of Hennion & Walsh Asset Management Inc.’s portfolio, making the stock its 5th largest holding. Hennion & Walsh Asset Management Inc. owned 3.98% of ProShares S&P 500 High Income ETF worth $41,854,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Montag A & Associates Inc. bought a new stake in ProShares S&P 500 High Income ETF in the 2nd quarter valued at about $68,000. Comerica Bank acquired a new position in ProShares S&P 500 High Income ETF in the 1st quarter worth about $90,000. AdvisorNet Financial Inc raised its holdings in ProShares S&P 500 High Income ETF by 91.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,142 shares of the company’s stock valued at $91,000 after buying an additional 1,024 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new position in ProShares S&P 500 High Income ETF during the 3rd quarter worth about $103,000. Finally, Alpine Bank Wealth Management acquired a new stake in ProShares S&P 500 High Income ETF during the 2nd quarter valued at approximately $119,000.

ProShares S&P 500 High Income ETF Price Performance

Shares of NYSEARCA:ISPY opened at $46.01 on Tuesday. ProShares S&P 500 High Income ETF has a 1 year low of $35.81 and a 1 year high of $46.72. The business’s 50-day moving average is $45.58 and its 200-day moving average is $44.38. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 25.81 and a beta of 0.91.

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. ISPY was launched on Dec 18, 2023 and is issued by ProShares.