Signature Wealth Management Partners LLC Boosts Stake in ProShares S&P 500 High Income ETF $ISPY

Signature Wealth Management Partners LLC lifted its holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 5.6% in the 2nd quarter, Holdings Channel reports. The firm owned 6,827 shares of the company’s stock after acquiring an additional 364 shares during the period. Signature Wealth Management Partners LLC’s holdings in ProShares S&P 500 High Income ETF were worth $290,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ISPY. Comerica Bank purchased a new position in shares of ProShares S&P 500 High Income ETF in the first quarter worth $90,000. AdvisorNet Financial Inc raised its stake in shares of ProShares S&P 500 High Income ETF by 91.6% in the second quarter. AdvisorNet Financial Inc now owns 2,142 shares of the company’s stock worth $91,000 after purchasing an additional 1,024 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in shares of ProShares S&P 500 High Income ETF in the second quarter worth $119,000. Eaton Financial Holdings Company LLC purchased a new position in shares of ProShares S&P 500 High Income ETF in the first quarter worth $213,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of ProShares S&P 500 High Income ETF in the first quarter worth $214,000.

ProShares S&P 500 High Income ETF Price Performance

ISPY stock opened at $45.17 on Friday. ProShares S&P 500 High Income ETF has a 1-year low of $35.81 and a 1-year high of $46.83. The business has a fifty day moving average price of $43.92 and a 200-day moving average price of $41.85. The stock has a market capitalization of $1.01 billion, 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.