Masso Torrence Wealth Management Inc. Makes New Investment in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ)

Masso Torrence Wealth Management Inc. bought a new stake in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) in the 4th quarter, HoldingsChannel.com reports. The fund bought 81,175 shares of the company’s stock, valued at approximately $3,465,000. ProShares Nasdaq-100 High Income ETF accounts for approximately 1.8% of Masso Torrence Wealth Management Inc.’s holdings, making the stock its 16th largest holding.

Other large investors have also recently made changes to their positions in the company. Maia Wealth LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF in the third quarter valued at approximately $234,000. City Center Advisors LLC purchased a new position in shares of ProShares Nasdaq-100 High Income ETF during the 3rd quarter valued at approximately $252,000. Sanctuary Advisors LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF in the 2nd quarter valued at $642,000. Jane Street Group LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF in the 3rd quarter worth $810,000. Finally, SteelPeak Wealth LLC raised its position in ProShares Nasdaq-100 High Income ETF by 64.4% during the third quarter. SteelPeak Wealth LLC now owns 22,685 shares of the company’s stock worth $949,000 after acquiring an additional 8,885 shares during the period.

ProShares Nasdaq-100 High Income ETF Stock Up 1.2 %

IQQQ opened at $43.08 on Wednesday. The company has a market cap of $86.59 million, a price-to-earnings ratio of 30.87 and a beta of 1.21. The firm’s fifty day simple moving average is $43.36 and its two-hundred day simple moving average is $42.06. ProShares Nasdaq-100 High Income ETF has a 52-week low of $37.27 and a 52-week high of $45.21.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.1648 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

ProShares Nasdaq-100 High Income ETF Company Profile

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.