SBI Securities Co. Ltd. Takes Position in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ)

SBI Securities Co. Ltd. bought a new position in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,197 shares of the company’s stock, valued at approximately $51,000.

Several other hedge funds have also recently added to or reduced their stakes in IQQQ. SteelPeak Wealth LLC increased its position in shares of ProShares Nasdaq-100 High Income ETF by 3.4% in the 4th quarter. SteelPeak Wealth LLC now owns 23,450 shares of the company’s stock valued at $1,001,000 after purchasing an additional 765 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of ProShares Nasdaq-100 High Income ETF by 131.9% during the 4th quarter. Kingsview Wealth Management LLC now owns 11,281 shares of the company’s stock worth $482,000 after purchasing an additional 6,417 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 27.4% during the fourth quarter. Sanctuary Advisors LLC now owns 58,763 shares of the company’s stock worth $2,549,000 after purchasing an additional 12,640 shares in the last quarter. PFG Investments LLC increased its holdings in ProShares Nasdaq-100 High Income ETF by 45.2% in the fourth quarter. PFG Investments LLC now owns 42,422 shares of the company’s stock valued at $1,811,000 after buying an additional 13,201 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in ProShares Nasdaq-100 High Income ETF by 58.7% in the third quarter. JPMorgan Chase & Co. now owns 47,599 shares of the company’s stock valued at $1,991,000 after buying an additional 17,599 shares in the last quarter.

ProShares Nasdaq-100 High Income ETF Stock Performance

Shares of NASDAQ IQQQ opened at $39.13 on Tuesday. The stock’s 50-day simple moving average is $42.81 and its 200-day simple moving average is $42.40. The firm has a market capitalization of $90.78 million, a PE ratio of 31.66 and a beta of 1.21. ProShares Nasdaq-100 High Income ETF has a fifty-two week low of $37.27 and a fifty-two week high of $45.21.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, March 3rd were paid a $0.2771 dividend. The ex-dividend date was Monday, March 3rd.

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.