Maridea Wealth Management LLC Raises Stock Holdings in ProShares S&P 500 High Income ETF $ISPY

Maridea Wealth Management LLC lifted its stake in shares of ProShares S&P 500 High Income ETF (BATS:ISPY) by 29.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,163 shares of the company’s stock after acquiring an additional 15,429 shares during the period. Maridea Wealth Management LLC’s holdings in ProShares S&P 500 High Income ETF were worth $2,955,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in shares of ProShares S&P 500 High Income ETF by 29.0% during the 4th quarter. Morgan Stanley now owns 4,162,211 shares of the company’s stock worth $189,922,000 after purchasing an additional 935,443 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of ProShares S&P 500 High Income ETF by 13.3% in the third quarter. Raymond James Financial Inc. now owns 1,879,053 shares of the company’s stock valued at $84,764,000 after buying an additional 220,264 shares during the last quarter. Bank of America Corp DE raised its position in shares of ProShares S&P 500 High Income ETF by 18.1% in the third quarter. Bank of America Corp DE now owns 1,298,080 shares of the company’s stock valued at $58,556,000 after buying an additional 198,606 shares during the last quarter. LPL Financial LLC lifted its stake in shares of ProShares S&P 500 High Income ETF by 22.2% during the fourth quarter. LPL Financial LLC now owns 1,114,368 shares of the company’s stock valued at $50,849,000 after buying an additional 202,221 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of ProShares S&P 500 High Income ETF by 1.4% during the fourth quarter. Royal Bank of Canada now owns 1,050,626 shares of the company’s stock valued at $47,940,000 after buying an additional 14,186 shares during the period.

ProShares S&P 500 High Income ETF Stock Performance

Shares of BATS ISPY opened at $46.73 on Friday. ProShares S&P 500 High Income ETF has a 1 year low of $41.89 and a 1 year high of $49.08. The firm’s 50 day moving average price is $47.57 and its 200 day moving average price is $46.11. The firm has a market cap of $949.55 million, a P/E ratio of 25.81 and a beta of 0.87.

About ProShares S&P 500 High Income ETF

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. ISPY was launched on Dec 18, 2023 and is issued by ProShares.