KKM Financial LLC Invests $343,000 in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY)

KKM Financial LLC acquired a new stake in ProShares S&P 500 High Income ETF (NYSEARCA:ISPY) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,651 shares of the company’s stock, valued at approximately $343,000. KKM Financial LLC owned 0.33% of ProShares S&P 500 High Income ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Maxwell Wealth Strategies Inc. acquired a new position in shares of ProShares S&P 500 High Income ETF during the first quarter valued at about $718,000. Global Trust Asset Management LLC acquired a new position in ProShares S&P 500 High Income ETF during the 2nd quarter worth approximately $26,000. SteelPeak Wealth LLC acquired a new position in ProShares S&P 500 High Income ETF during the 2nd quarter worth approximately $1,330,000. Raymond James & Associates boosted its holdings in ProShares S&P 500 High Income ETF by 103.2% in the second quarter. Raymond James & Associates now owns 89,104 shares of the company’s stock worth $3,878,000 after acquiring an additional 45,257 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in ProShares S&P 500 High Income ETF in the second quarter valued at approximately $36,769,000.

ProShares S&P 500 High Income ETF Stock Performance

Shares of NYSEARCA ISPY opened at $45.44 on Friday. The stock has a market cap of $104.97 million, a price-to-earnings ratio of 24.03 and a beta of 0.87. ProShares S&P 500 High Income ETF has a fifty-two week low of $39.61 and a fifty-two week high of $46.83. The firm’s 50-day simple moving average is $44.73 and its 200 day simple moving average is $43.65.

ProShares S&P 500 High Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, September 3rd were paid a $0.6198 dividend. This is a positive change from ProShares S&P 500 High Income ETF’s previous dividend of $0.45. The ex-dividend date was Tuesday, September 3rd.

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.