WealthCare Asset Management LLC Acquires New Holdings in ProShares Ultra Communication Services $LTL

WealthCare Asset Management LLC purchased a new stake in ProShares Ultra Communication Services (NYSEARCA:LTL) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 25,007 shares of the exchange traded fund’s stock, valued at approximately $710,000. ProShares Ultra Communication Services makes up 0.5% of WealthCare Asset Management LLC’s holdings, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in LTL. IMC Chicago LLC boosted its stake in ProShares Ultra Communication Services by 431.4% in the 4th quarter. IMC Chicago LLC now owns 225,263 shares of the exchange traded fund’s stock worth $6,399,000 after purchasing an additional 182,872 shares during the period. Susquehanna International Group LLP boosted its stake in ProShares Ultra Communication Services by 11.7% in the 3rd quarter. Susquehanna International Group LLP now owns 5,777 shares of the exchange traded fund’s stock worth $675,000 after purchasing an additional 607 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in ProShares Ultra Communication Services in the 3rd quarter worth $99,000. Finally, Citadel Advisors LLC acquired a new position in ProShares Ultra Communication Services in the 3rd quarter worth $347,000.

ProShares Ultra Communication Services Trading Up 0.4%

Shares of NYSEARCA LTL opened at $25.02 on Wednesday. The firm has a market cap of $7.51 million, a PE ratio of 19.19 and a beta of 1.66. ProShares Ultra Communication Services has a 1-year low of $22.16 and a 1-year high of $29.67. The company has a fifty day moving average price of $26.50 and a 200 day moving average price of $27.01.

About ProShares Ultra Communication Services

ProShares Ultra Telecommunications (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Select Telecommunications Index (the Index). The Dow Jones U.S. Technology Index measures providers of fixed-line and mobile telephone services. Fixed-line includes regional and long-distance carriers. Mobile includes cellular, satellite and paging services. The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.