Kingsview Wealth Management LLC Has $1.98 Million Position in ProShares Nasdaq-100 High Income ETF $IQQQ

Kingsview Wealth Management LLC lessened its holdings in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) by 23.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 44,869 shares of the company’s stock after selling 13,982 shares during the period. Kingsview Wealth Management LLC owned approximately 0.68% of ProShares Nasdaq-100 High Income ETF worth $1,976,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IQQQ. NewEdge Advisors LLC grew its holdings in ProShares Nasdaq-100 High Income ETF by 441.3% in the 2nd quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock valued at $27,000 after buying an additional 534 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of ProShares Nasdaq-100 High Income ETF by 239.8% in the second quarter. SBI Securities Co. Ltd. now owns 2,467 shares of the company’s stock valued at $101,000 after acquiring an additional 1,741 shares during the period. Brown Lisle Cummings Inc. acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF in the third quarter worth $104,000. Montag A & Associates Inc. bought a new position in ProShares Nasdaq-100 High Income ETF during the second quarter worth $137,000. Finally, Level Four Advisory Services LLC bought a new position in ProShares Nasdaq-100 High Income ETF during the second quarter worth $236,000.

ProShares Nasdaq-100 High Income ETF Price Performance

Shares of ProShares Nasdaq-100 High Income ETF stock opened at $43.90 on Friday. The company has a market cap of $349.88 million, a PE ratio of 34.31 and a beta of 1.09. The firm has a fifty day moving average price of $44.53 and a two-hundred day moving average price of $44.20. ProShares Nasdaq-100 High Income ETF has a fifty-two week low of $33.00 and a fifty-two week high of $46.72.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, March 2nd will be paid a $0.2033 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Monday, March 2nd.

ProShares Nasdaq-100 High Income ETF 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.