ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Sets New 52-Week High – Still a Buy?

ProShares UltraPro S&P 500 (NYSEARCA:UPROGet Free Report)’s share price reached a new 52-week high on Wednesday . The company traded as high as $135.01 and last traded at $135.0090, with a volume of 788122 shares. The stock had previously closed at $131.85.

Trending Headlines about ProShares UltraPro S&P 500

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ProShares UltraPro S&P 500 Trading Up 2.2%

The company’s fifty day simple moving average is $112.02 and its 200 day simple moving average is $114.86. The stock has a market capitalization of $5.08 billion, a P/E ratio of 28.62 and a beta of 3.02.

Institutional Investors Weigh In On ProShares UltraPro S&P 500

Several large investors have recently added to or reduced their stakes in UPRO. Turner Capital Investments LLC bought a new position in ProShares UltraPro S&P 500 in the 4th quarter worth about $60,838,000. Assetmark Inc. boosted its position in shares of ProShares UltraPro S&P 500 by 7,052.2% during the 3rd quarter. Assetmark Inc. now owns 210,489 shares of the company’s stock valued at $23,467,000 after acquiring an additional 207,546 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of ProShares UltraPro S&P 500 by 13.5% during the third quarter. Axxcess Wealth Management LLC now owns 207,520 shares of the company’s stock worth $23,136,000 after purchasing an additional 24,606 shares in the last quarter. BXM Wealth LLC purchased a new position in shares of ProShares UltraPro S&P 500 during the fourth quarter worth about $23,340,000. Finally, Revere Asset Management Inc increased its position in shares of ProShares UltraPro S&P 500 by 8.6% in the fourth quarter. Revere Asset Management Inc now owns 197,317 shares of the company’s stock worth $22,841,000 after purchasing an additional 15,655 shares during the last quarter.

ProShares UltraPro S&P 500 Company Profile

(Get Free Report)

The ProShares UltraPro S&P500 (UPRO) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 3x leveraged daily exposure to a market cap-weighted index of large-cap and mid-cap US companies selected by the S&P Committee. UPRO was launched on Jun 25, 2009 and is managed by ProShares.

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