PMG Family Office LLC Takes Position in ProShares Nasdaq-100 High Income ETF $IQQQ

PMG Family Office LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 44,570 shares of the company’s stock, valued at approximately $1,963,000. ProShares Nasdaq-100 High Income ETF comprises approximately 2.2% of PMG Family Office LLC’s portfolio, making the stock its 9th biggest position. PMG Family Office LLC owned approximately 0.67% of ProShares Nasdaq-100 High Income ETF at the end of the most recent reporting period.

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

ProShares Nasdaq-100 High Income ETF Price Performance

Shares of NASDAQ:IQQQ opened at $43.15 on Thursday. The stock has a market cap of $343.91 million, a price-to-earnings ratio of 34.31 and a beta of 1.09. The company has a 50 day moving average of $44.31 and a 200-day moving average of $44.32. ProShares Nasdaq-100 High Income ETF has a one year low of $33.00 and a one year high of $46.72.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a dividend of $0.2033 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

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.