ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Get Free Report) shares were up 1.2% on Monday. The stock traded as high as $47.48 and last traded at $47.26. Approximately 24,959 shares were traded during trading, a decline of 57% from the average daily volume of 58,468 shares. The stock had previously closed at $46.70.
ProShares Nasdaq-100 High Income ETF Stock Performance
The company has a market cap of $394.40 million, a price-to-earnings ratio of 34.31 and a beta of 1.21. The company’s 50 day moving average price is $48.42 and its 200 day moving average price is $48.18.
ProShares Nasdaq-100 High Income ETF Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.2296 per share. This represents a $2.76 annualized dividend and a yield of 5.8%. This is a decrease from ProShares Nasdaq-100 High Income ETF’s previous monthly dividend of $0.2386. The ex-dividend date was Tuesday, September 1st.
Institutional Trading of ProShares Nasdaq-100 High Income ETF
Several large investors have recently made changes to their positions in IQQQ. Envestnet Asset Management Inc. boosted its position in ProShares Nasdaq-100 High Income ETF by 4.8% during the second quarter. Envestnet Asset Management Inc. now owns 5,083 shares of the company’s stock worth $258,000 after purchasing an additional 234 shares during the period. Rhodes Investment Advisors Inc. ADV acquired a new position in ProShares Nasdaq-100 High Income ETF during the third quarter valued at approximately $375,000. CAP Partners LLC grew its holdings in ProShares Nasdaq-100 High Income ETF by 6.5% during the first quarter. CAP Partners LLC now owns 8,952 shares of the company’s stock valued at $373,000 after purchasing an additional 550 shares during the last quarter. City Center Advisors LLC raised its position in shares of ProShares Nasdaq-100 High Income ETF by 28.0% in the second quarter. City Center Advisors LLC now owns 9,919 shares of the company’s stock valued at $504,000 after purchasing an additional 2,167 shares during the period. Finally, Kestra Advisory Services LLC raised its position in shares of ProShares Nasdaq-100 High Income ETF by 102.9% in the first quarter. Kestra Advisory Services LLC now owns 10,633 shares of the company’s stock valued at $443,000 after purchasing an additional 5,392 shares during the period.
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.
Further Reading
- Five stocks we like better than ProShares Nasdaq-100 High Income ETF
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Receive News & Ratings for ProShares Nasdaq-100 High Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Nasdaq-100 High Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
