ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Reaches New 12-Month High – Still a Buy?

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) shares hit a new 52-week high on Tuesday . The stock traded as high as $146.41 and last traded at $146.36, with a volume of 754888 shares changing hands. The stock had previously closed at $143.08.

ProShares UltraPro S&P 500 Price Performance

The company has a 50 day moving average price of $118.81 and a two-hundred day moving average price of $116.93. The stock has a market cap of $5.30 billion, a PE ratio of 28.62 and a beta of 3.02.

Institutional Investors Weigh In On ProShares UltraPro S&P 500

A number of large investors have recently added to or reduced their stakes in UPRO. Turner Capital Investments LLC bought a new stake in ProShares UltraPro S&P 500 in the 4th quarter worth approximately $60,838,000. Assetmark Inc. grew its position in ProShares UltraPro S&P 500 by 7,052.2% in the 3rd quarter. Assetmark Inc. now owns 210,489 shares of the company’s stock worth $23,467,000 after purchasing an additional 207,546 shares during the period. BXM Wealth LLC bought a new stake in ProShares UltraPro S&P 500 in the 4th quarter worth approximately $23,340,000. Revere Asset Management Inc bought a new stake in ProShares UltraPro S&P 500 in the 3rd quarter worth approximately $20,253,000. Finally, Robinson Value Management Ltd. bought a new stake in ProShares UltraPro S&P 500 in the 4th quarter worth approximately $16,919,000.

ProShares UltraPro S&P 500 Company 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.