HighTower Advisors LLC Makes New Investment in ProShares Nasdaq-100 High Income ETF $IQQQ

HighTower Advisors LLC bought a new stake in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 66,855 shares of the company’s stock, valued at approximately $2,974,000. HighTower Advisors LLC owned approximately 0.84% of ProShares Nasdaq-100 High Income ETF as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of ProShares Nasdaq-100 High Income ETF by 441.3% in the 2nd quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock valued at $27,000 after purchasing an additional 534 shares in the last quarter. Aptus Capital Advisors LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF in the 3rd quarter valued at about $82,000. Ulland Investment Advisors LLC raised its stake in shares of ProShares Nasdaq-100 High Income ETF by 800.0% in the 4th quarter. Ulland Investment Advisors LLC now owns 3,150 shares of the company’s stock valued at $140,000 after purchasing an additional 2,800 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF in the 4th quarter valued at about $200,000. Finally, Private Trust Co. NA raised its stake in shares of ProShares Nasdaq-100 High Income ETF by 231.6% in the 4th quarter. Private Trust Co. NA now owns 5,727 shares of the company’s stock valued at $255,000 after purchasing an additional 4,000 shares in the last quarter.

ProShares Nasdaq-100 High Income ETF Stock Performance

Shares of ProShares Nasdaq-100 High Income ETF stock opened at $51.19 on Friday. The firm has a market cap of $420.78 million, a PE ratio of 34.31 and a beta of 1.16. The firm’s 50-day simple moving average is $45.93 and its 200-day simple moving average is $44.96. ProShares Nasdaq-100 High Income ETF has a 1 year low of $38.20 and a 1 year high of $51.42.

ProShares Nasdaq-100 High Income ETF Dividend Announcement

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

ProShares Nasdaq-100 High Income ETF 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.