ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) Shares Purchased by Maxwell Wealth Strategies Inc.

Maxwell Wealth Strategies Inc. grew its holdings in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 36.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 23,929 shares of the company’s stock after purchasing an additional 6,381 shares during the period. Maxwell Wealth Strategies Inc.’s holdings in ProShares S&P 500 High Income ETF were worth $1,062,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Global Trust Asset Management LLC acquired a new position in shares of ProShares S&P 500 High Income ETF during the second quarter worth about $26,000. SteelPeak Wealth LLC acquired a new position in ProShares S&P 500 High Income ETF during the 2nd quarter worth approximately $1,330,000. Raymond James & Associates boosted its holdings in ProShares S&P 500 High Income ETF by 103.2% in the 2nd quarter. Raymond James & Associates now owns 89,104 shares of the company’s stock worth $3,878,000 after acquiring an additional 45,257 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in ProShares S&P 500 High Income ETF in the second quarter valued at approximately $36,769,000. Finally, International Assets Investment Management LLC acquired a new stake in ProShares S&P 500 High Income ETF in the second quarter valued at approximately $124,000.

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

ISPY opened at $44.60 on Friday. The firm has a market capitalization of $103.03 million, a P/E ratio of 24.03 and a beta of 0.87. The firm’s 50 day moving average is $44.52 and its 200-day moving average is $43.51. ProShares S&P 500 High Income ETF has a 52-week low of $39.61 and a 52-week high of $46.83.

ProShares S&P 500 High Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.6198 per share. This is an increase from ProShares S&P 500 High Income ETF’s previous dividend of $0.45. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.