City Center Advisors LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 6,027 shares of the company’s stock, valued at approximately $252,000.
Several other hedge funds also recently made changes to their positions in IQQQ. SteelPeak Wealth LLC purchased a new position in shares of ProShares Nasdaq-100 High Income ETF in the second quarter valued at $589,000. Sanctuary Advisors LLC bought a new stake in ProShares Nasdaq-100 High Income ETF during the second quarter valued at $642,000. Finally, PFG Investments LLC bought a new stake in ProShares Nasdaq-100 High Income ETF during the second quarter valued at $896,000.
ProShares Nasdaq-100 High Income ETF Stock Performance
NASDAQ:IQQQ opened at $41.67 on Wednesday. The firm has a market capitalization of $58.34 million, a price-to-earnings ratio of 30.87 and a beta of 1.21. ProShares Nasdaq-100 High Income ETF has a 52-week low of $37.27 and a 52-week high of $44.42. The stock has a fifty day moving average of $40.61 and a 200 day moving average of $41.00.
ProShares Nasdaq-100 High Income ETF Cuts Dividend
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.
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Want to see what other hedge funds are holding IQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Free Report).
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