Essex Financial Services Inc. Purchases 37,406 Shares of ProShares S&P 500 High Income ETF $ISPY

Essex Financial Services Inc. boosted its position in shares of ProShares S&P 500 High Income ETF (BATS:ISPY) by 203.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,833 shares of the company’s stock after buying an additional 37,406 shares during the period. Essex Financial Services Inc. owned approximately 0.21% of ProShares S&P 500 High Income ETF worth $2,548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ISPY. Comerica Bank bought a new position in ProShares S&P 500 High Income ETF during the first quarter valued at approximately $90,000. NewEdge Advisors LLC boosted its stake in ProShares S&P 500 High Income ETF by 26.6% during the first quarter. NewEdge Advisors LLC now owns 15,828 shares of the company’s stock valued at $666,000 after buying an additional 3,327 shares during the last quarter. Focus Partners Wealth boosted its stake in ProShares S&P 500 High Income ETF by 57.1% during the first quarter. Focus Partners Wealth now owns 11,000 shares of the company’s stock valued at $463,000 after buying an additional 4,000 shares during the last quarter. Raymond James Financial Inc. boosted its stake in ProShares S&P 500 High Income ETF by 23.6% during the second quarter. Raymond James Financial Inc. now owns 1,658,789 shares of the company’s stock valued at $70,382,000 after buying an additional 316,261 shares during the last quarter. Finally, Foundations Investment Advisors LLC bought a new position in ProShares S&P 500 High Income ETF during the third quarter valued at approximately $339,000.

ProShares S&P 500 High Income ETF Stock Performance

Shares of ProShares S&P 500 High Income ETF stock opened at $49.01 on Monday. The stock has a 50 day moving average of $45.94 and a 200 day moving average of $45.73. ProShares S&P 500 High Income ETF has a 12 month low of $39.94 and a 12 month high of $49.08. The firm has a market cap of $995.88 million, a PE ratio of 25.81 and a beta of 0.87.

ProShares S&P 500 High Income ETF Company 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. ISPY was launched on Dec 18, 2023 and is issued by ProShares.