ProShares UltraPro S&P 500 $UPRO is Revere Asset Management Inc’s 2nd Largest Position

Revere Asset Management Inc lifted its stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 116.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 393,443 shares of the company’s stock after purchasing an additional 211,506 shares during the quarter. ProShares UltraPro S&P 500 comprises about 21.5% of Revere Asset Management Inc’s holdings, making the stock its 2nd largest holding. Revere Asset Management Inc owned 1.07% of ProShares UltraPro S&P 500 worth $55,786,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new stake in shares of ProShares UltraPro S&P 500 in the 1st quarter worth $3,215,000. PNC Financial Services Group Inc. purchased a new position in shares of ProShares UltraPro S&P 500 during the 1st quarter worth $2,819,000. Independent Financial Group LLC acquired a new position in shares of ProShares UltraPro S&P 500 during the 1st quarter valued at about $1,962,000. Ascentis Independent Advisors boosted its position in shares of ProShares UltraPro S&P 500 by 96.5% during the 1st quarter. Ascentis Independent Advisors now owns 27,940 shares of the company’s stock valued at $2,710,000 after acquiring an additional 13,718 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its holdings in shares of ProShares UltraPro S&P 500 by 138.4% in the first quarter. Koshinski Asset Management Inc. now owns 10,292 shares of the company’s stock valued at $998,000 after purchasing an additional 5,975 shares during the period.

ProShares UltraPro S&P 500 Trading Down 1.4%

ProShares UltraPro S&P 500 stock traded down $2.03 during midday trading on Monday, hitting $145.99. 1,768,157 shares of the stock were exchanged, compared to its average volume of 3,326,696. ProShares UltraPro S&P 500 has a fifty-two week low of $88.14 and a fifty-two week high of $158.63. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 28.62 and a beta of 3.02. The stock’s 50-day simple moving average is $147.01 and its 200 day simple moving average is $132.84.

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.