Spectrum Financial Alliance Ltd LLC Grows Stock Holdings in ProShares UltraPro S&P 500 $UPRO

Spectrum Financial Alliance Ltd LLC raised its holdings in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,902 shares of the company’s stock after acquiring an additional 4,306 shares during the quarter. ProShares UltraPro S&P 500 makes up 2.4% of Spectrum Financial Alliance Ltd LLC’s portfolio, making the stock its 10th largest holding. Spectrum Financial Alliance Ltd LLC owned 0.36% of ProShares UltraPro S&P 500 worth $12,598,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Westmount Partners LLC increased its stake in shares of ProShares UltraPro S&P 500 by 1.3% in the 1st quarter. Westmount Partners LLC now owns 8,486 shares of the company’s stock worth $823,000 after purchasing an additional 109 shares in the last quarter. Farther Finance Advisors LLC lifted its position in ProShares UltraPro S&P 500 by 4.6% during the fourth quarter. Farther Finance Advisors LLC now owns 3,193 shares of the company’s stock valued at $370,000 after purchasing an additional 141 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in ProShares UltraPro S&P 500 during the fourth quarter valued at about $28,000. Kestra Advisory Services LLC bought a new stake in ProShares UltraPro S&P 500 during the fourth quarter valued at about $28,000. Finally, World Investment Advisors increased its position in ProShares UltraPro S&P 500 by 3.1% in the fourth quarter. World Investment Advisors now owns 9,179 shares of the company’s stock worth $1,031,000 after buying an additional 274 shares in the last quarter.

ProShares UltraPro S&P 500 Stock Performance

Shares of NYSEARCA UPRO traded up $1.77 during trading on Friday, hitting $146.16. The company had a trading volume of 1,894,254 shares, compared to its average volume of 3,806,935. The stock has a 50 day simple moving average of $140.95 and a 200 day simple moving average of $123.56. ProShares UltraPro S&P 500 has a 12 month low of $88.14 and a 12 month high of $151.41. The firm has a market capitalization of $5.53 billion, a P/E ratio of 28.62 and a beta of 3.02.

About ProShares UltraPro S&P 500

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.