Montag A & Associates Inc. Takes $68,000 Position in ProShares S&P 500 High Income ETF $ISPY

Montag A & Associates Inc. purchased a new position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,598 shares of the company’s stock, valued at approximately $68,000.

A number of other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. lifted its holdings in ProShares S&P 500 High Income ETF by 20.7% in the first quarter. Raymond James Financial Inc. now owns 1,342,528 shares of the company’s stock valued at $56,507,000 after acquiring an additional 230,134 shares during the period. LPL Financial LLC increased its position in shares of ProShares S&P 500 High Income ETF by 21.0% during the 1st quarter. LPL Financial LLC now owns 952,878 shares of the company’s stock valued at $40,107,000 after purchasing an additional 165,600 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of ProShares S&P 500 High Income ETF by 21.2% in the 1st quarter. Royal Bank of Canada now owns 895,733 shares of the company’s stock worth $37,702,000 after purchasing an additional 156,473 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of ProShares S&P 500 High Income ETF by 10.0% in the second quarter. Capital Investment Advisors LLC now owns 731,210 shares of the company’s stock worth $31,025,000 after buying an additional 66,185 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in ProShares S&P 500 High Income ETF by 32.3% during the first quarter. Steward Partners Investment Advisory LLC now owns 324,294 shares of the company’s stock valued at $13,650,000 after buying an additional 79,128 shares during the period.

ProShares S&P 500 High Income ETF Trading Down 1.3%

Shares of ISPY stock opened at $45.18 on Friday. ProShares S&P 500 High Income ETF has a 12 month low of $35.81 and a 12 month high of $46.72. The stock has a market cap of $1.08 billion, a P/E ratio of 25.81 and a beta of 0.91. The company has a 50 day simple moving average of $45.10 and a two-hundred day simple moving average of $42.99.

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.