ProShares UltraPro S&P 500 $UPRO is Ridgepath Capital Management LLC’s 4th Largest Position

Ridgepath Capital Management LLC cut its stake in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 18.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,217 shares of the company’s stock after selling 38,730 shares during the period. ProShares UltraPro S&P 500 makes up 8.2% of Ridgepath Capital Management LLC’s holdings, making the stock its 4th biggest holding. Ridgepath Capital Management LLC’s holdings in ProShares UltraPro S&P 500 were worth $16,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in UPRO. Turner Capital Investments LLC purchased a new position in shares of ProShares UltraPro S&P 500 during the 4th quarter worth approximately $60,838,000. BXM Wealth LLC purchased a new position in shares of ProShares UltraPro S&P 500 during the fourth quarter worth $23,340,000. Revere Asset Management Inc boosted its position in shares of ProShares UltraPro S&P 500 by 8.6% during the fourth quarter. Revere Asset Management Inc now owns 197,317 shares of the company’s stock worth $22,841,000 after buying an additional 15,655 shares during the period. Robinson Value Management Ltd. purchased a new position in shares of ProShares UltraPro S&P 500 during the fourth quarter worth $16,919,000. Finally, Spectrum Financial Alliance Ltd LLC grew its stake in shares of ProShares UltraPro S&P 500 by 3.4% in the first quarter. Spectrum Financial Alliance Ltd LLC now owns 129,902 shares of the company’s stock valued at $12,598,000 after buying an additional 4,306 shares in the last quarter.

ProShares UltraPro S&P 500 Trading Down 0.4%

UPRO stock opened at $138.47 on Tuesday. The business’s fifty day moving average price is $141.76 and its 200 day moving average price is $124.56. ProShares UltraPro S&P 500 has a 12-month low of $88.14 and a 12-month high of $151.41. The company has a market capitalization of $5.18 billion, a PE ratio of 28.62 and a beta of 3.02.

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.