Sherman Wealth Management LLC Makes New Investment in ProShares S&P 500 High Income ETF $ISPY

Sherman Wealth Management LLC bought a new stake in shares of ProShares S&P 500 High Income ETF (BATS:ISPY) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,439 shares of the company’s stock, valued at approximately $750,000. Sherman Wealth Management LLC owned approximately 0.06% of ProShares S&P 500 High Income ETF at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ISPY. Raymond James Financial Inc. boosted its holdings in shares of ProShares S&P 500 High Income ETF by 23.6% during the second quarter. Raymond James Financial Inc. now owns 1,658,789 shares of the company’s stock worth $70,382,000 after purchasing an additional 316,261 shares during the period. Bank of America Corp DE lifted its position in ProShares S&P 500 High Income ETF by 18.1% in the 3rd quarter. Bank of America Corp DE now owns 1,298,080 shares of the company’s stock worth $58,556,000 after buying an additional 198,606 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of ProShares S&P 500 High Income ETF by 7.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 927,830 shares of the company’s stock valued at $41,854,000 after buying an additional 64,408 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of ProShares S&P 500 High Income ETF by 35.5% in the third quarter. Commonwealth Equity Services LLC now owns 177,897 shares of the company’s stock worth $8,025,000 after acquiring an additional 46,634 shares during the last quarter. Finally, Bernardo Wealth Planning LLC raised its holdings in shares of ProShares S&P 500 High Income ETF by 445.8% during the second quarter. Bernardo Wealth Planning LLC now owns 43,699 shares of the company’s stock worth $1,854,000 after acquiring an additional 35,693 shares in the last quarter.

ProShares S&P 500 High Income ETF Price Performance

Shares of BATS ISPY opened at $42.32 on Monday. ProShares S&P 500 High Income ETF has a one year low of $35.81 and a one year high of $46.72. The business’s 50-day moving average price is $45.30 and its two-hundred day moving average price is $45.37. The company has a market capitalization of $859.94 million, a P/E 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. ISPY was launched on Dec 18, 2023 and is issued by ProShares.