146,158 Shares in ProShares UltraPro S&P 500 $UPRO Purchased by Robinson Value Management Ltd.

Robinson Value Management Ltd. acquired a new stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 146,158 shares of the company’s stock, valued at approximately $16,919,000. ProShares UltraPro S&P 500 accounts for about 9.1% of Robinson Value Management Ltd.’s investment portfolio, making the stock its largest holding. Robinson Value Management Ltd. owned about 0.37% of ProShares UltraPro S&P 500 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

ProShares UltraPro S&P 500 Stock Performance

ProShares UltraPro S&P 500 stock opened at $100.52 on Thursday. ProShares UltraPro S&P 500 has a one year low of $45.88 and a one year high of $122.85. The business has a fifty day moving average of $113.51 and a two-hundred day moving average of $113.73. The company has a market cap of $3.96 billion, a P/E ratio of 28.62 and a beta of 3.03.

ProShares UltraPro S&P 500 Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.2225 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.9%.

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.