Royal Bank of Canada Acquires 20,268 Shares of ProShares Nasdaq-100 High Income ETF $IQQQ

Royal Bank of Canada raised its stake in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) by 4.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 453,905 shares of the company’s stock after acquiring an additional 20,268 shares during the period. Royal Bank of Canada owned approximately 5.52% of ProShares Nasdaq-100 High Income ETF worth $18,924,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IQQQ. NewEdge Advisors LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 441.3% in the second quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock worth $27,000 after acquiring an additional 534 shares during the period. Aptus Capital Advisors LLC bought a new position in ProShares Nasdaq-100 High Income ETF during the third quarter valued at approximately $82,000. Cornerstone Wealth Management LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF in the fourth quarter worth approximately $200,000. Kestra Advisory Services LLC bought a new stake in ProShares Nasdaq-100 High Income ETF in the 4th quarter worth approximately $233,000. Finally, Private Trust Co. NA grew its position in ProShares Nasdaq-100 High Income ETF by 231.6% in the 4th quarter. Private Trust Co. NA now owns 5,727 shares of the company’s stock worth $255,000 after purchasing an additional 4,000 shares during the period.

ProShares Nasdaq-100 High Income ETF Trading Down 0.5%

Shares of IQQQ opened at $48.20 on Friday. The firm has a market cap of $403.43 million, a PE ratio of 34.31 and a beta of 1.22. The firm has a fifty day simple moving average of $49.00 and a two-hundred day simple moving average of $46.45. ProShares Nasdaq-100 High Income ETF has a 1-year low of $40.43 and a 1-year high of $51.66.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 7th. Investors of record on Monday, August 3rd will be issued a $0.2386 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 5.9%.

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.