ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Trading 0.4% Higher – What’s Next?

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) shares were up 0.4% on Friday . The company traded as high as $50.01 and last traded at $49.76. Approximately 101,238 shares changed hands during trading, an increase of 54% from the average daily volume of 65,602 shares. The stock had previously closed at $49.55.

ProShares Nasdaq-100 High Income ETF Stock Performance

The company has a market cap of $409.03 million, a PE ratio of 34.31 and a beta of 1.16. The stock has a 50 day moving average of $45.20 and a 200-day moving average of $44.78.

ProShares Nasdaq-100 High Income ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were issued a $0.3541 dividend. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Investors Weigh In On ProShares Nasdaq-100 High Income ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Cary Street Partners Financial LLC boosted its position in ProShares Nasdaq-100 High Income ETF by 5.4% in the fourth quarter. Cary Street Partners Financial LLC now owns 6,640 shares of the company’s stock valued at $295,000 after buying an additional 340 shares during the last quarter. Commonwealth Equity Services LLC raised its position in ProShares Nasdaq-100 High Income ETF by 4.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 8,856 shares of the company’s stock worth $394,000 after buying an additional 398 shares during the last quarter. NewEdge Advisors LLC raised its position in ProShares Nasdaq-100 High Income ETF by 441.3% during the 2nd quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock worth $27,000 after buying an additional 534 shares during the last quarter. CAP Partners LLC lifted its stake in ProShares Nasdaq-100 High Income ETF by 6.5% during the 1st quarter. CAP Partners LLC now owns 8,952 shares of the company’s stock valued at $373,000 after acquiring an additional 550 shares during the period. Finally, Creative Planning lifted its stake in ProShares Nasdaq-100 High Income ETF by 5.5% during the 3rd quarter. Creative Planning now owns 13,408 shares of the company’s stock valued at $591,000 after acquiring an additional 695 shares during the period.

About ProShares Nasdaq-100 High Income ETF

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.