Howard Capital Management Inc. Purchases New Shares in ProShares UltraPro S&P 500 $UPRO

Howard Capital Management Inc. purchased a new position in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,190,076 shares of the company’s stock, valued at approximately $109,093,000. ProShares UltraPro S&P 500 accounts for about 1.3% of Howard Capital Management Inc.’s holdings, making the stock its 19th largest position. Howard Capital Management Inc. owned about 2.50% of ProShares UltraPro S&P 500 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UPRO. Westmount Partners LLC grew its stake in shares of ProShares UltraPro S&P 500 by 3.4% during the second quarter. Westmount Partners LLC now owns 8,226 shares of the company’s stock valued at $752,000 after acquiring an additional 268 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in ProShares UltraPro S&P 500 by 30.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,274 shares of the company’s stock worth $94,000 after purchasing an additional 297 shares during the last quarter. Signaturefd LLC increased its holdings in ProShares UltraPro S&P 500 by 39.8% during the 1st quarter. Signaturefd LLC now owns 1,453 shares of the company’s stock worth $107,000 after purchasing an additional 414 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in shares of ProShares UltraPro S&P 500 by 100.5% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 846 shares of the company’s stock valued at $77,000 after purchasing an additional 424 shares in the last quarter. Finally, Ellis Investment Partners LLC boosted its stake in shares of ProShares UltraPro S&P 500 by 5.1% during the 2nd quarter. Ellis Investment Partners LLC now owns 10,205 shares of the company’s stock valued at $933,000 after buying an additional 498 shares during the last quarter.

ProShares UltraPro S&P 500 Trading Up 3.6%

UPRO stock opened at $119.90 on Tuesday. The firm has a 50 day simple moving average of $107.77 and a 200-day simple moving average of $91.90. The company has a market capitalization of $4.86 billion, a P/E ratio of 28.62 and a beta of 3.03. ProShares UltraPro S&P 500 has a twelve month low of $45.88 and a twelve month high of $120.06.

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.