SageGuard Financial Group LLC Has $2.90 Million Stake in ProShares Nasdaq-100 High Income ETF $IQQQ

SageGuard Financial Group LLC lifted its stake in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) by 68.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,441 shares of the company’s stock after acquiring an additional 28,136 shares during the period. SageGuard Financial Group LLC’s holdings in ProShares Nasdaq-100 High Income ETF were worth $2,895,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. PMG Family Office LLC grew its holdings in ProShares Nasdaq-100 High Income ETF by 19.2% in the first quarter. PMG Family Office LLC now owns 53,144 shares of the company’s stock worth $2,216,000 after purchasing an additional 8,575 shares during the period. Wick Capital Partners LLC raised its holdings in shares of ProShares Nasdaq-100 High Income ETF by 7.8% during the fourth quarter. Wick Capital Partners LLC now owns 17,814 shares of the company’s stock valued at $792,000 after purchasing an additional 1,292 shares during the period. Osaic Holdings Inc. raised its holdings in shares of ProShares Nasdaq-100 High Income ETF by 77.8% during the fourth quarter. Osaic Holdings Inc. now owns 75,814 shares of the company’s stock valued at $3,372,000 after purchasing an additional 33,173 shares during the period. &PARTNERS boosted its position in shares of ProShares Nasdaq-100 High Income ETF by 7.1% during the 4th quarter. &PARTNERS now owns 18,366 shares of the company’s stock worth $817,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF during the 4th quarter worth about $233,000.

ProShares Nasdaq-100 High Income ETF Price Performance

Shares of IQQQ opened at $48.86 on Monday. ProShares Nasdaq-100 High Income ETF has a one year low of $40.21 and a one year high of $51.66. The company has a market cap of $401.63 million, a PE ratio of 34.31 and a beta of 1.20. The stock has a 50-day moving average of $48.91 and a 200-day moving average of $45.75.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were issued a $0.243 dividend. The ex-dividend date was Monday, June 1st.

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.