ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Stock Price Up 0.4% – What’s Next?

Shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) shot up 0.4% during mid-day trading on Friday . The company traded as high as $50.01 and last traded at $49.76. 101,238 shares changed hands during mid-day trading, an increase of 54% from the average session volume of 65,602 shares. The stock had previously closed at $49.55.

ProShares Nasdaq-100 High Income ETF Trading Up 0.4%

The firm has a market cap of $409.03 million, a PE ratio of 34.31 and a beta of 1.16. The firm has a 50 day moving average price of $45.20 and a 200-day moving average price of $44.78.

ProShares Nasdaq-100 High Income ETF Announces Dividend

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

Institutional Investors Weigh In On ProShares Nasdaq-100 High Income ETF

A number of large investors have recently modified their holdings of the company. Cary Street Partners Financial LLC lifted its position in shares of ProShares Nasdaq-100 High Income ETF by 5.4% during the 4th quarter. Cary Street Partners Financial LLC now owns 6,640 shares of the company’s stock worth $295,000 after purchasing an additional 340 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in ProShares Nasdaq-100 High Income ETF by 4.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,856 shares of the company’s stock valued at $394,000 after buying an additional 398 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in ProShares Nasdaq-100 High Income ETF by 441.3% during the 2nd quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock worth $27,000 after buying an additional 534 shares during the last quarter. CAP Partners LLC boosted its position in shares of ProShares Nasdaq-100 High Income ETF by 6.5% during the 1st quarter. CAP Partners LLC now owns 8,952 shares of the company’s stock worth $373,000 after acquiring an additional 550 shares in the last quarter. Finally, Creative Planning boosted its position in shares of ProShares Nasdaq-100 High Income ETF by 5.5% during the 3rd quarter. Creative Planning now owns 13,408 shares of the company’s stock worth $591,000 after acquiring an additional 695 shares in the last quarter.

ProShares Nasdaq-100 High Income ETF Company 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.