ProShares Ultra Technology $ROM Stake Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of ProShares Ultra Technology (NYSEARCA:ROM) by 29.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,002 shares of the company’s stock after acquiring an additional 11,721 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.53% of ProShares Ultra Technology worth $3,882,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ROM. IFP Advisors Inc boosted its holdings in shares of ProShares Ultra Technology by 66.7% during the first quarter. IFP Advisors Inc now owns 1,500 shares of the company’s stock worth $80,000 after purchasing an additional 600 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in ProShares Ultra Technology in the 2nd quarter worth approximately $276,000. Chicago Partners Investment Group LLC purchased a new stake in ProShares Ultra Technology in the 1st quarter worth approximately $217,000. Freedom Investment Management Inc. boosted its stake in shares of ProShares Ultra Technology by 17.2% during the 1st quarter. Freedom Investment Management Inc. now owns 6,928 shares of the company’s stock valued at $370,000 after buying an additional 1,019 shares during the period. Finally, Tyche Wealth Partners LLC grew its holdings in shares of ProShares Ultra Technology by 102.5% during the 2nd quarter. Tyche Wealth Partners LLC now owns 78,397 shares of the company’s stock valued at $5,967,000 after acquiring an additional 39,675 shares in the last quarter.

ProShares Ultra Technology Trading Up 1.1%

NYSEARCA ROM opened at $95.46 on Friday. ProShares Ultra Technology has a 1-year low of $36.68 and a 1-year high of $108.12. The firm’s fifty day simple moving average is $94.48 and its 200-day simple moving average is $80.45. The company has a market capitalization of $867.73 million, a PE ratio of 38.02 and a beta of 2.41.

ProShares Ultra Technology Profile

ProShares Ultra Technology (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology industry of the United States equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services.