Howard Capital Management Group LLC Buys Shares of 10,000 ProShares UltraPro S&P 500 $UPRO

Howard Capital Management Group LLC bought a new stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the 4th quarter, Holdings Channel reports. The fund bought 10,000 shares of the company’s stock, valued at approximately $1,158,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in ProShares UltraPro S&P 500 by 142.5% in the third quarter. EverSource Wealth Advisors LLC now owns 22,613 shares of the company’s stock valued at $2,521,000 after acquiring an additional 13,288 shares during the last quarter. Encompass More Asset Management raised its position in shares of ProShares UltraPro S&P 500 by 190.6% during the 3rd quarter. Encompass More Asset Management now owns 33,061 shares of the company’s stock valued at $3,686,000 after acquiring an additional 21,686 shares during the last quarter. Diversified Trust Co acquired a new position in shares of ProShares UltraPro S&P 500 in the 3rd quarter valued at $5,574,000. Surience Private Wealth LLC acquired a new position in shares of ProShares UltraPro S&P 500 in the 3rd quarter valued at $903,000. Finally, Ridgepath Capital Management LLC boosted its position in shares of ProShares UltraPro S&P 500 by 13.4% in the 3rd quarter. Ridgepath Capital Management LLC now owns 207,947 shares of the company’s stock worth $23,184,000 after purchasing an additional 24,606 shares during the last quarter.

ProShares UltraPro S&P 500 Stock Up 0.2%

Shares of ProShares UltraPro S&P 500 stock opened at $99.38 on Friday. ProShares UltraPro S&P 500 has a 12 month low of $45.88 and a 12 month high of $122.85. The business has a fifty day simple moving average of $110.74 and a 200 day simple moving average of $113.24. The stock has a market cap of $3.92 billion, a PE ratio of 28.62 and a beta of 3.03.

ProShares UltraPro S&P 500 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a dividend of $0.2225 per share. The ex-dividend date was Wednesday, March 25th. This represents a $0.89 dividend on an annualized basis and a yield of 0.9%.

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.