WealthCare Asset Management LLC Invests $2.98 Million in ProShares Ultra Technology $ROM

WealthCare Asset Management LLC bought a new position in ProShares Ultra Technology (NYSEARCA:ROM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 31,564 shares of the company’s stock, valued at approximately $2,978,000. ProShares Ultra Technology comprises 2.0% of WealthCare Asset Management LLC’s investment portfolio, making the stock its 11th largest position. WealthCare Asset Management LLC owned about 0.35% of ProShares Ultra Technology as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Group One Trading LLC bought a new stake in ProShares Ultra Technology in the fourth quarter valued at $26,000. Royal Bank of Canada boosted its holdings in ProShares Ultra Technology by 132.4% in the fourth quarter. Royal Bank of Canada now owns 711 shares of the company’s stock valued at $67,000 after acquiring an additional 405 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in ProShares Ultra Technology by 3.9% in the fourth quarter. Kestra Advisory Services LLC now owns 18,156 shares of the company’s stock valued at $1,712,000 after acquiring an additional 686 shares in the last quarter. Aventura Private Wealth LLC bought a new stake in ProShares Ultra Technology in the fourth quarter valued at $75,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in ProShares Ultra Technology by 24.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,695 shares of the company’s stock valued at $528,000 after acquiring an additional 1,115 shares in the last quarter.

ProShares Ultra Technology Stock Down 5.5%

NYSEARCA:ROM opened at $149.36 on Wednesday. The stock has a market cap of $1.28 billion, a P/E ratio of 38.02 and a beta of 2.72. The firm’s fifty day simple moving average is $127.51 and its 200 day simple moving average is $103.85. ProShares Ultra Technology has a twelve month low of $68.00 and a twelve month high of $171.82.

ProShares Ultra Technology Company Profile

ProShares Ultra Technology (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology industry of the United States equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as 200% of the daily return of the Index.