165,500 Shares in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) Bought by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co purchased a new stake in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 165,500 shares of the company’s stock, valued at approximately $7,330,000. Pine Valley Investments Ltd Liability Co owned about 7.16% of ProShares S&P 500 High Income ETF as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. lifted its position in ProShares S&P 500 High Income ETF by 18.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,105,781 shares of the company’s stock valued at $48,975,000 after purchasing an additional 172,752 shares during the period. Capital Investment Advisors LLC purchased a new position in shares of ProShares S&P 500 High Income ETF during the 4th quarter valued at about $11,903,000. Requisite Capital Management LLC acquired a new position in shares of ProShares S&P 500 High Income ETF in the 4th quarter valued at about $5,020,000. Howard Capital Management Inc. grew its holdings in ProShares S&P 500 High Income ETF by 26.4% during the fourth quarter. Howard Capital Management Inc. now owns 107,403 shares of the company’s stock worth $4,757,000 after acquiring an additional 22,431 shares during the period. Finally, PFG Investments LLC raised its position in ProShares S&P 500 High Income ETF by 68.2% during the fourth quarter. PFG Investments LLC now owns 98,368 shares of the company’s stock valued at $4,357,000 after acquiring an additional 39,899 shares in the last quarter.

ProShares S&P 500 High Income ETF Trading Down 0.5 %

Shares of NYSEARCA:ISPY opened at $44.67 on Tuesday. The company has a market capitalization of $654.42 million, a PE ratio of 27.17 and a beta of 0.87. ProShares S&P 500 High Income ETF has a 12-month low of $39.85 and a 12-month high of $46.83. The business has a 50 day moving average of $45.03 and a two-hundred day moving average of $44.69.

ProShares S&P 500 High Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Monday, February 3rd were issued a dividend of $0.3259 per share. The ex-dividend date was Monday, February 3rd. This is an increase from ProShares S&P 500 High Income ETF’s previous dividend of $0.22.

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.