Sherman Wealth Management LLC Buys Shares of 14,401 ProShares S&P 500 High Income ETF $ISPY

Sherman Wealth Management LLC bought a new position in ProShares S&P 500 High Income ETF (BATS:ISPY) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 14,401 shares of the company’s stock, valued at approximately $650,000. Sherman Wealth Management LLC owned about 0.06% of ProShares S&P 500 High Income ETF as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ISPY. Comerica Bank acquired a new position in ProShares S&P 500 High Income ETF in the first quarter valued at about $90,000. NewEdge Advisors LLC boosted its position in shares of ProShares S&P 500 High Income ETF by 26.6% during the first quarter. NewEdge Advisors LLC now owns 15,828 shares of the company’s stock worth $666,000 after buying an additional 3,327 shares during the period. Focus Partners Wealth grew its stake in shares of ProShares S&P 500 High Income ETF by 57.1% in the first quarter. Focus Partners Wealth now owns 11,000 shares of the company’s stock valued at $463,000 after buying an additional 4,000 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of ProShares S&P 500 High Income ETF in the second quarter valued at $311,000. Finally, Cetera Investment Advisers raised its holdings in shares of ProShares S&P 500 High Income ETF by 3.0% in the 2nd quarter. Cetera Investment Advisers now owns 26,438 shares of the company’s stock valued at $1,122,000 after buying an additional 763 shares during the period.

ProShares S&P 500 High Income ETF Trading Down 2.2%

ISPY opened at $42.32 on Friday. The firm has a market cap of $859.94 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. The stock’s 50-day moving average price is $45.30 and its 200 day moving average price is $45.35. ProShares S&P 500 High Income ETF has a 12-month low of $35.81 and a 12-month high of $46.72.

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.