Financial Partners Group Inc Takes Position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Financial Partners Group Inc bought a new stake in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) in the fourth quarter, HoldingsChannel.com reports. The fund bought 22,861 shares of the company’s stock, valued at approximately $1,013,000.

Several other large investors also recently bought and sold shares of ISPY. Global Trust Asset Management LLC grew its stake in shares of ProShares S&P 500 High Income ETF by 83.3% in the 3rd quarter. Global Trust Asset Management LLC now owns 1,100 shares of the company’s stock worth $49,000 after buying an additional 500 shares in the last quarter. AdvisorNet Financial Inc bought a new position in shares of ProShares S&P 500 High Income ETF in the 4th quarter valued at about $65,000. Foundations Investment Advisors LLC purchased a new position in ProShares S&P 500 High Income ETF in the fourth quarter worth about $216,000. Maia Wealth LLC bought a new stake in ProShares S&P 500 High Income ETF during the third quarter worth approximately $219,000. Finally, Woodmont Investment Counsel LLC purchased a new stake in ProShares S&P 500 High Income ETF during the third quarter valued at approximately $238,000.

ProShares S&P 500 High Income ETF Stock Performance

Shares of ProShares S&P 500 High Income ETF stock opened at $45.51 on Monday. The stock has a market cap of $105.13 million, a price-to-earnings ratio of 24.03 and a beta of 0.87. The stock has a 50 day moving average price of $45.21 and a 200-day moving average price of $44.40. ProShares S&P 500 High Income ETF has a one year low of $39.85 and a one year high of $46.83.

ProShares S&P 500 High Income ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.3259 per share. This is a positive change from ProShares S&P 500 High Income ETF’s previous dividend of $0.22. The ex-dividend date is Monday, February 3rd.

ProShares S&P 500 High Income ETF Company 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.