ProShares UltraPro S&P 500 $UPRO Position Raised by Spectrum Financial Alliance Ltd LLC

Spectrum Financial Alliance Ltd LLC raised its stake in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 37.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,596 shares of the company’s stock after purchasing an additional 34,447 shares during the period. ProShares UltraPro S&P 500 accounts for about 2.9% of Spectrum Financial Alliance Ltd LLC’s portfolio, making the stock its 9th biggest position. Spectrum Financial Alliance Ltd LLC owned about 0.31% of ProShares UltraPro S&P 500 worth $14,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new position in shares of ProShares UltraPro S&P 500 during the third quarter valued at approximately $37,000. Physician Wealth Advisors Inc. grew its stake in shares of ProShares UltraPro S&P 500 by 11.6% during the third quarter. Physician Wealth Advisors Inc. now owns 944 shares of the company’s stock valued at $105,000 after buying an additional 98 shares during the last quarter. Bank of America Corp DE bought a new position in shares of ProShares UltraPro S&P 500 during the second quarter valued at approximately $90,000. Great Oak Capital Partners LLC bought a new position in shares of ProShares UltraPro S&P 500 during the fourth quarter valued at approximately $205,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of ProShares UltraPro S&P 500 during the third quarter valued at approximately $202,000.

ProShares UltraPro S&P 500 Price Performance

Shares of UPRO traded down $0.14 during mid-day trading on Thursday, reaching $125.49. 1,293,184 shares of the company’s stock traded hands, compared to its average volume of 4,376,679. The stock has a market cap of $4.58 billion, a P/E ratio of 28.62 and a beta of 3.00. The stock’s 50-day moving average is $110.57 and its two-hundred day moving average is $114.13. ProShares UltraPro S&P 500 has a 12 month low of $67.88 and a 12 month high of $127.81.

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.