Masso Torrence Wealth Management Inc. Purchases Shares of 81,175 ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ)

Masso Torrence Wealth Management Inc. acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,175 shares of the company’s stock, valued at approximately $3,465,000. ProShares Nasdaq-100 High Income ETF makes up approximately 1.8% of Masso Torrence Wealth Management Inc.’s portfolio, making the stock its 16th biggest holding. Masso Torrence Wealth Management Inc. owned about 4.04% of ProShares Nasdaq-100 High Income ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Maia Wealth LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF during the 3rd quarter valued at about $234,000. City Center Advisors LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF during the third quarter worth about $252,000. Sanctuary Advisors LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF in the second quarter valued at approximately $642,000. Jane Street Group LLC acquired a new position in ProShares Nasdaq-100 High Income ETF in the 3rd quarter worth approximately $810,000. Finally, SteelPeak Wealth LLC raised its position in ProShares Nasdaq-100 High Income ETF by 64.4% during the 3rd quarter. SteelPeak Wealth LLC now owns 22,685 shares of the company’s stock worth $949,000 after buying an additional 8,885 shares during the last quarter.

ProShares Nasdaq-100 High Income ETF Trading Up 1.2 %

Shares of NASDAQ IQQQ opened at $43.08 on Wednesday. The company has a 50 day simple moving average of $43.36 and a two-hundred day simple moving average of $42.06. The stock has a market cap of $86.59 million, a price-to-earnings 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 firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.1648 per share. The ex-dividend date was Monday, December 23rd.

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.