Accel Wealth Management Grows Stock Position in ProShares S&P 500 High Income ETF $ISPY

Accel Wealth Management raised its holdings in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) by 19.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,430 shares of the company’s stock after buying an additional 3,366 shares during the quarter. Accel Wealth Management’s holdings in ProShares S&P 500 High Income ETF were worth $867,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. raised its stake in shares of ProShares S&P 500 High Income ETF by 20.7% in the first quarter. Raymond James Financial Inc. now owns 1,342,528 shares of the company’s stock worth $56,507,000 after purchasing an additional 230,134 shares during the last quarter. LPL Financial LLC raised its stake in shares of ProShares S&P 500 High Income ETF by 21.0% in the first quarter. LPL Financial LLC now owns 952,878 shares of the company’s stock worth $40,107,000 after purchasing an additional 165,600 shares during the last quarter. Royal Bank of Canada raised its stake in shares of ProShares S&P 500 High Income ETF by 21.2% in the first quarter. Royal Bank of Canada now owns 895,733 shares of the company’s stock worth $37,702,000 after purchasing an additional 156,473 shares during the last quarter. Capital Investment Advisors LLC raised its stake in shares of ProShares S&P 500 High Income ETF by 10.0% in the second quarter. Capital Investment Advisors LLC now owns 731,210 shares of the company’s stock worth $31,025,000 after purchasing an additional 66,185 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of ProShares S&P 500 High Income ETF by 32.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 324,294 shares of the company’s stock worth $13,650,000 after purchasing an additional 79,128 shares during the last quarter.

ProShares S&P 500 High Income ETF Price Performance

Shares of NYSEARCA:ISPY opened at $45.17 on Friday. ProShares S&P 500 High Income ETF has a 52-week low of $35.81 and a 52-week high of $46.83. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 25.81 and a beta of 0.87. The business has a 50-day moving average price of $43.92 and a 200-day moving average price of $41.85.

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.