PMG Family Office LLC Takes $1.96 Million Position in ProShares Nasdaq-100 High Income ETF $IQQQ

PMG Family Office LLC acquired a new position in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) in the 3rd quarter, Holdings Channel reports. The fund acquired 44,570 shares of the company’s stock, valued at approximately $1,963,000. ProShares Nasdaq-100 High Income ETF makes up 2.2% of PMG Family Office LLC’s investment portfolio, making the stock its 9th biggest position.

A number of other hedge funds have also modified their holdings of the company. Royal Bank of Canada lifted its stake in ProShares Nasdaq-100 High Income ETF by 163.0% in the 1st quarter. Royal Bank of Canada now owns 140,046 shares of the company’s stock valued at $5,441,000 after acquiring an additional 86,794 shares in the last quarter. Focus Partners Wealth boosted its position in ProShares Nasdaq-100 High Income ETF by 57.1% during the 1st quarter. Focus Partners Wealth now owns 11,000 shares of the company’s stock worth $427,000 after acquiring an additional 4,000 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 3.2% during the 2nd quarter. Kingsview Wealth Management LLC now owns 58,851 shares of the company’s stock worth $2,407,000 after acquiring an additional 1,809 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 1.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 160,064 shares of the company’s stock worth $6,547,000 after acquiring an additional 1,743 shares in the last quarter. Finally, Level Four Advisory Services LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF in the second quarter valued at approximately $236,000.

ProShares Nasdaq-100 High Income ETF Stock Down 1.3%

Shares of IQQQ stock opened at $43.15 on Thursday. The company’s fifty day simple moving average is $44.31 and its 200-day simple moving average is $44.32. The firm has a market cap of $343.91 million, a PE ratio of 34.31 and a beta of 1.09. ProShares Nasdaq-100 High Income ETF has a 12 month low of $33.00 and a 12 month high of $46.72.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a $0.2033 dividend. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date was Monday, March 2nd.

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.