Prosperity Wealth Management Inc. decreased its position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Free Report) by 34.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 130,315 shares of the company’s stock after selling 69,688 shares during the quarter. ProShares UltraPro S&P 500 makes up approximately 4.6% of Prosperity Wealth Management Inc.’s holdings, making the stock its 4th largest holding. Prosperity Wealth Management Inc.’s holdings in ProShares UltraPro S&P 500 were worth $7,133,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Bison Wealth LLC bought a new position in ProShares UltraPro S&P 500 in the 4th quarter worth about $227,000. Toth Financial Advisory Corp boosted its stake in ProShares UltraPro S&P 500 by 2.5% in the 4th quarter. Toth Financial Advisory Corp now owns 52,135 shares of the company’s stock worth $2,854,000 after purchasing an additional 1,260 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in ProShares UltraPro S&P 500 in the 4th quarter worth about $111,000. Triton Wealth Management PLLC bought a new position in ProShares UltraPro S&P 500 in the 4th quarter worth about $247,000. Finally, CENTRAL TRUST Co bought a new position in ProShares UltraPro S&P 500 in the 4th quarter worth about $111,000.
ProShares UltraPro S&P 500 Stock Performance
ProShares UltraPro S&P 500 stock traded down $1.18 during mid-day trading on Wednesday, reaching $61.19. The stock had a trading volume of 4,043,484 shares, compared to its average volume of 6,787,785. The company has a 50-day moving average price of $66.01 and a two-hundred day moving average price of $54.97. ProShares UltraPro S&P 500 has a one year low of $35.57 and a one year high of $71.16.
ProShares UltraPro S&P 500 Company 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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Want to see what other hedge funds are holding UPRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Free Report).
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