T3 Companies LLC bought a new position in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,268 shares of the company’s stock, valued at approximately $494,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. O Shaughnessy Asset Management LLC bought a new stake in shares of ProShares UltraPro S&P 500 during the 4th quarter worth about $28,000. Revere Asset Management Inc boosted its holdings in ProShares UltraPro S&P 500 by 8.6% in the 4th quarter. Revere Asset Management Inc now owns 197,317 shares of the company’s stock valued at $22,841,000 after purchasing an additional 15,655 shares during the period. Hantz Financial Services Inc. boosted its holdings in ProShares UltraPro S&P 500 by 29.2% in the 4th quarter. Hantz Financial Services Inc. now owns 1,587 shares of the company’s stock valued at $184,000 after purchasing an additional 359 shares during the period. Daviman Financial LLC bought a new stake in ProShares UltraPro S&P 500 in the 4th quarter valued at about $299,000. Finally, HighTower Advisors LLC bought a new stake in ProShares UltraPro S&P 500 in the 4th quarter valued at about $223,000.
ProShares UltraPro S&P 500 Stock Down 4.8%
NYSEARCA UPRO opened at $130.69 on Thursday. The company has a market capitalization of $4.77 billion, a P/E ratio of 28.62 and a beta of 3.02. ProShares UltraPro S&P 500 has a 12-month low of $80.82 and a 12-month high of $151.41. The firm has a 50-day moving average price of $129.60 and a two-hundred day moving average price of $119.67.
ProShares UltraPro S&P 500 Profile
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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