MFG Wealth Management Inc. Purchases 5,520 Shares of ProShares UltraPro Russell 2000 (NYSEARCA:URTY)

MFG Wealth Management Inc. increased its position in shares of ProShares UltraPro Russell 2000 (NYSEARCA:URTY) by 8.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 71,902 shares of the company’s stock after buying an additional 5,520 shares during the period. ProShares UltraPro Russell 2000 makes up 2.4% of MFG Wealth Management Inc.’s holdings, making the stock its 11th biggest holding. MFG Wealth Management Inc.’s holdings in ProShares UltraPro Russell 2000 were worth $2,468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Polymer Capital Management HK LTD bought a new position in shares of ProShares UltraPro Russell 2000 in the 4th quarter worth about $2,953,000. IMC Chicago LLC increased its holdings in ProShares UltraPro Russell 2000 by 37.7% in the first quarter. IMC Chicago LLC now owns 74,701 shares of the company’s stock worth $2,564,000 after purchasing an additional 20,468 shares in the last quarter. Tidal Investments LLC acquired a new position in ProShares UltraPro Russell 2000 in the fourth quarter valued at approximately $729,000. Simplex Trading LLC bought a new position in shares of ProShares UltraPro Russell 2000 during the 4th quarter worth approximately $537,000. Finally, Cerity Partners LLC acquired a new stake in shares of ProShares UltraPro Russell 2000 during the 4th quarter worth approximately $492,000.

ProShares UltraPro Russell 2000 Stock Down 3.5%

NYSEARCA:URTY opened at $37.42 on Thursday. ProShares UltraPro Russell 2000 has a twelve month low of $21.15 and a twelve month high of $68.23. The company has a fifty day moving average of $33.80 and a 200-day moving average of $40.96. The firm has a market capitalization of $319.94 million, a P/E ratio of 16.35 and a beta of 3.35.

About ProShares UltraPro Russell 2000

The ProShares UltraPro Russell2000 (URTY) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. URTY was launched on Feb 11, 2010 and is managed by ProShares.