Financial Partners Group Inc Makes New Investment in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

Financial Partners Group Inc purchased a new stake in shares of ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,861 shares of the company’s stock, valued at approximately $1,013,000. Financial Partners Group Inc owned approximately 0.99% of ProShares S&P 500 High Income ETF at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ISPY. Journey Strategic Wealth LLC grew its position in ProShares S&P 500 High Income ETF by 63.1% during the 4th quarter. Journey Strategic Wealth LLC now owns 10,471 shares of the company’s stock valued at $464,000 after purchasing an additional 4,051 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of ProShares S&P 500 High Income ETF by 70.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 11,716 shares of the company’s stock valued at $521,000 after buying an additional 4,847 shares during the last quarter. Signature Wealth Management Partners LLC bought a new stake in shares of ProShares S&P 500 High Income ETF during the fourth quarter valued at approximately $274,000. SteelPeak Wealth LLC raised its holdings in ProShares S&P 500 High Income ETF by 0.8% in the 4th quarter. SteelPeak Wealth LLC now owns 35,950 shares of the company’s stock worth $1,592,000 after acquiring an additional 280 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in ProShares S&P 500 High Income ETF by 13.4% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 20,364 shares of the company’s stock worth $902,000 after acquiring an additional 2,400 shares during the last quarter.

ProShares S&P 500 High Income ETF Trading Down 0.3 %

Shares of ISPY opened at $45.51 on Monday. The company has a market cap of $105.13 million, a price-to-earnings ratio of 24.03 and a beta of 0.87. The business’s fifty day simple moving average is $45.21 and its two-hundred day simple moving average is $44.40. ProShares S&P 500 High Income ETF has a 12 month low of $39.85 and a 12 month high of $46.83.

ProShares S&P 500 High Income ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Monday, February 3rd will be given a dividend of $0.3259 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from ProShares S&P 500 High Income ETF’s previous dividend of $0.22.

ProShares S&P 500 High Income ETF Profile

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.