Requisite Capital Management LLC reduced its position in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY – Free Report) by 80.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,003 shares of the company’s stock after selling 105,540 shares during the quarter. ProShares S&P 500 High Income ETF comprises about 0.2% of Requisite Capital Management LLC’s portfolio, making the stock its 29th largest position. Requisite Capital Management LLC’s holdings in ProShares S&P 500 High Income ETF were worth $1,103,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of ISPY. Comerica Bank bought a new position in ProShares S&P 500 High Income ETF in the 1st quarter valued at about $90,000. AdvisorNet Financial Inc increased its holdings in ProShares S&P 500 High Income ETF by 91.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,142 shares of the company’s stock valued at $91,000 after buying an additional 1,024 shares during the period. Alpine Bank Wealth Management bought a new position in ProShares S&P 500 High Income ETF in the 2nd quarter valued at about $119,000. Eaton Financial Holdings Company LLC bought a new position in ProShares S&P 500 High Income ETF in the 1st quarter valued at about $213,000. Finally, Concurrent Investment Advisors LLC bought a new position in ProShares S&P 500 High Income ETF in the 1st quarter valued at about $214,000.
ProShares S&P 500 High Income ETF Stock Up 0.5%
ISPY stock opened at $45.11 on Wednesday. The firm has a market cap of $949.11 million, a P/E ratio of 25.81 and a beta of 0.87. The company’s 50-day moving average price is $43.81 and its two-hundred day moving average price is $41.79. ProShares S&P 500 High Income ETF has a 12 month low of $35.81 and a 12 month high of $46.83.
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.
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