Concourse Financial Group Securities Inc. Makes New Investment in ProShares Ultra Russell 2000 (NYSEARCA:UWM)

Concourse Financial Group Securities Inc. purchased a new stake in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 16,372 shares of the company’s stock, valued at approximately $729,000.

Several other large investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in ProShares Ultra Russell 2000 by 50,502.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 3,019,931 shares of the company’s stock valued at $126,384,000 after acquiring an additional 3,013,963 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in shares of ProShares Ultra Russell 2000 during the fourth quarter valued at $2,896,000. Absolute Capital Management LLC purchased a new stake in shares of ProShares Ultra Russell 2000 during the fourth quarter valued at $954,000. Axxcess Wealth Management LLC bought a new stake in ProShares Ultra Russell 2000 in the 4th quarter worth about $1,272,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in ProShares Ultra Russell 2000 in the 4th quarter worth about $13,371,000.

ProShares Ultra Russell 2000 Stock Performance

UWM opened at $28.61 on Monday. The company’s 50-day simple moving average is $34.73 and its two-hundred day simple moving average is $41.24. ProShares Ultra Russell 2000 has a 52-week low of $24.47 and a 52-week high of $51.87. The stock has a market capitalization of $271.80 million, a P/E ratio of 14.26 and a beta of 2.22.

ProShares Ultra Russell 2000 Company Profile

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.