Envestnet Asset Management Inc. Purchases 3,013,963 Shares of ProShares Ultra Russell2000 (NYSEARCA:UWM)

Posted by Lauren Steadman on Apr 8th, 2025

Envestnet Asset Management Inc. boosted its position in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM – Free Report) by 50,502.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,019,931 shares of the company’s stock after buying an additional 3,013,963 shares during the quarter. Envestnet Asset Management Inc. owned approximately 54.41% of ProShares Ultra Russell2000 worth $126,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in UWM. Crowley Wealth Management Inc. bought a new position in ProShares Ultra Russell2000 during the 4th quarter valued at approximately $2,896,000. Absolute Capital Management LLC bought a new position in shares of ProShares Ultra Russell2000 during the fourth quarter valued at approximately $954,000. Axxcess Wealth Management LLC purchased a new stake in ProShares Ultra Russell2000 in the fourth quarter worth $1,272,000. Envestnet Portfolio Solutions Inc. bought a new stake in ProShares Ultra Russell2000 in the fourth quarter valued at $13,371,000. Finally, EverSource Wealth Advisors LLC purchased a new position in ProShares Ultra Russell2000 during the 4th quarter valued at $3,628,000.

ProShares Ultra Russell2000 Trading Down 2.0 %

NYSEARCA:UWM opened at $26.78 on Tuesday. The company has a 50-day moving average price of $38.22 and a 200-day moving average price of $42.34. The stock has a market cap of $255.75 million, a price-to-earnings ratio of 14.88 and a beta of 2.37. ProShares Ultra Russell2000 has a 12 month low of $24.47 and a 12 month high of $51.87.

ProShares Ultra Russell2000 Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a $0.0821 dividend. The ex-dividend date was Wednesday, March 26th.

About ProShares Ultra Russell2000

(Free Report)

The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.