HighTower Advisors LLC Makes New Investment in ProShares Nasdaq-100 High Income ETF $IQQQ

HighTower Advisors LLC bought a new position in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) during the fourth quarter, Holdings Channel reports. The institutional investor bought 66,855 shares of the company’s stock, valued at approximately $2,974,000.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in 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 last quarter. Aptus Capital Advisors LLC bought a new position in ProShares Nasdaq-100 High Income ETF in the third quarter worth about $82,000. Ulland Investment Advisors LLC lifted its holdings in ProShares Nasdaq-100 High Income ETF by 800.0% in the fourth quarter. Ulland Investment Advisors LLC now owns 3,150 shares of the company’s stock worth $140,000 after acquiring an additional 2,800 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in ProShares Nasdaq-100 High Income ETF in the fourth quarter worth about $200,000. 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 last quarter.

ProShares Nasdaq-100 High Income ETF Trading Up 0.4%

Shares of NASDAQ:IQQQ opened at $51.19 on Friday. The firm’s 50 day moving average is $45.93 and its two-hundred day moving average is $44.96. ProShares Nasdaq-100 High Income ETF has a 52 week low of $38.20 and a 52 week high of $51.42. The firm has a market capitalization of $420.78 million, a P/E ratio of 34.31 and a beta of 1.16.

ProShares Nasdaq-100 High Income ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were paid a $0.3541 dividend. The ex-dividend date was Friday, May 1st.

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.