Kingsview Wealth Management LLC Reduces Position in ProShares S&P 500 High Income ETF $ISPY

Kingsview Wealth Management LLC cut its holdings in shares of ProShares S&P 500 High Income ETF (BATS:ISPY) by 57.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,757 shares of the company’s stock after selling 43,171 shares during the period. Kingsview Wealth Management LLC owned approximately 0.12% of ProShares S&P 500 High Income ETF worth $1,449,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. boosted its position in shares of ProShares S&P 500 High Income ETF by 13.3% during the third quarter. Raymond James Financial Inc. now owns 1,879,053 shares of the company’s stock valued at $84,764,000 after buying an additional 220,264 shares during the last quarter. Bank of America Corp DE boosted its position in ProShares S&P 500 High Income ETF by 18.1% in the third quarter. Bank of America Corp DE now owns 1,298,080 shares of the company’s stock worth $58,556,000 after purchasing an additional 198,606 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in ProShares S&P 500 High Income ETF by 5.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 977,889 shares of the company’s stock worth $44,621,000 after purchasing an additional 50,059 shares during the last quarter. Capital Investment Advisors LLC boosted its position in ProShares S&P 500 High Income ETF by 3.7% in the fourth quarter. Capital Investment Advisors LLC now owns 784,615 shares of the company’s stock worth $35,802,000 after purchasing an additional 27,896 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in ProShares S&P 500 High Income ETF by 259.8% in the fourth quarter. Sanctuary Advisors LLC now owns 311,920 shares of the company’s stock worth $14,233,000 after purchasing an additional 225,225 shares during the last quarter.

ProShares S&P 500 High Income ETF Stock Performance

Shares of BATS:ISPY opened at $49.01 on Monday. The stock has a market capitalization of $995.88 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. The stock’s 50-day simple moving average is $45.94 and its two-hundred day simple moving average is $45.73. ProShares S&P 500 High Income ETF has a 52-week low of $39.94 and a 52-week high of $49.08.

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. ISPY was launched on Dec 18, 2023 and is issued by ProShares.