JPMorgan Chase & Co. Grows Stock Position in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ)

JPMorgan Chase & Co. raised its position in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) by 58.7% during the third quarter, Holdings Channel reports. The firm owned 47,599 shares of the company’s stock after buying an additional 17,599 shares during the quarter. JPMorgan Chase & Co.’s holdings in ProShares Nasdaq-100 High Income ETF were worth $1,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IQQQ. Sanctuary Advisors LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 184.6% during the third quarter. Sanctuary Advisors LLC now owns 46,123 shares of the company’s stock worth $1,979,000 after purchasing an additional 29,919 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of ProShares Nasdaq-100 High Income ETF during the third quarter worth $810,000. SteelPeak Wealth LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 64.4% during the third quarter. SteelPeak Wealth LLC now owns 22,685 shares of the company’s stock worth $949,000 after purchasing an additional 8,885 shares in the last quarter. PFG Investments LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 39.1% during the third quarter. PFG Investments LLC now owns 29,221 shares of the company’s stock worth $1,222,000 after purchasing an additional 8,216 shares in the last quarter. Finally, City Center Advisors LLC acquired a new position in shares of ProShares Nasdaq-100 High Income ETF during the third quarter worth $252,000.

ProShares Nasdaq-100 High Income ETF Trading Up 1.5 %

Shares of IQQQ stock opened at $44.06 on Thursday. The firm has a fifty day moving average price of $43.26 and a 200 day moving average price of $42.07. The company has a market cap of $88.56 million, a P/E ratio of 30.87 and a beta of 1.21. ProShares Nasdaq-100 High Income ETF has a 12 month low of $37.27 and a 12 month high of $45.21.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.1648 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About ProShares Nasdaq-100 High Income ETF

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.