ProShares Nasdaq-100 High Income ETF to Issue Monthly Dividend of $0.11 (NASDAQ:IQQQ)

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) declared a monthly dividend on Tuesday, December 23rd. Shareholders of record on Wednesday, December 24th will be given a dividend of 0.1059 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, December 24th.

ProShares Nasdaq-100 High Income ETF Trading Up 0.7%

Shares of IQQQ traded up $0.32 on Wednesday, reaching $45.46. The company’s stock had a trading volume of 36,411 shares, compared to its average volume of 59,230. The stock has a market capitalization of $301.43 million, a PE ratio of 34.31 and a beta of 1.09. ProShares Nasdaq-100 High Income ETF has a twelve month low of $33.00 and a twelve month high of $46.72. The firm has a fifty day moving average of $44.77 and a 200-day moving average of $42.89.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IQQQ. MGO One Seven LLC purchased a new position in shares of ProShares Nasdaq-100 High Income ETF during the 2nd quarter valued at $372,000. Concurrent Investment Advisors LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF in the 2nd quarter worth about $204,000. PFG Investments LLC raised its stake in ProShares Nasdaq-100 High Income ETF by 13.0% in the 2nd quarter. PFG Investments LLC now owns 68,630 shares of the company’s stock valued at $2,807,000 after acquiring an additional 7,887 shares during the period. Clarus Wealth Advisors purchased a new stake in ProShares Nasdaq-100 High Income ETF during the second quarter valued at about $410,000. Finally, Raymond James Financial Inc. lifted its holdings in ProShares Nasdaq-100 High Income ETF by 15.0% during the first quarter. Raymond James Financial Inc. now owns 82,676 shares of the company’s stock valued at $3,212,000 after purchasing an additional 10,773 shares during the last quarter.

About ProShares Nasdaq-100 High Income ETF

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.