ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Stock Price Up 1.5% – Should You Buy?

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) rose 1.5% during trading on Thursday . The company traded as high as $44.22 and last traded at $44.12. Approximately 44,547 shares were traded during trading, a decline of 25% from the average daily volume of 59,147 shares. The stock had previously closed at $43.47.

ProShares Nasdaq-100 High Income ETF Price Performance

The company has a market cap of $296.63 million, a P/E ratio of 34.31 and a beta of 1.09. The firm’s 50-day moving average is $44.72 and its two-hundred day moving average is $42.75.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IQQQ. Integrated Wealth Concepts LLC lifted its stake in shares of ProShares Nasdaq-100 High Income ETF by 11.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 23,743 shares of the company’s stock valued at $1,046,000 after purchasing an additional 2,391 shares during the last quarter. Bank of America Corp DE raised its holdings in ProShares Nasdaq-100 High Income ETF by 188.7% during the 3rd quarter. Bank of America Corp DE now owns 796,205 shares of the company’s stock valued at $35,073,000 after buying an additional 520,437 shares during the period. Creative Planning lifted its position in ProShares Nasdaq-100 High Income ETF by 5.5% in the third quarter. Creative Planning now owns 13,408 shares of the company’s stock worth $591,000 after buying an additional 695 shares during the last quarter. Raymond James Financial Inc. boosted its stake in ProShares Nasdaq-100 High Income ETF by 24.9% during the third quarter. Raymond James Financial Inc. now owns 906,974 shares of the company’s stock worth $39,952,000 after buying an additional 180,658 shares during the period. Finally, Maia Wealth LLC increased its position in ProShares Nasdaq-100 High Income ETF by 26.8% during the third quarter. Maia Wealth LLC now owns 10,080 shares of the company’s stock valued at $455,000 after acquiring an additional 2,129 shares during the last quarter.

About ProShares Nasdaq-100 High Income ETF

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.