Revere Asset Management Inc Increases Stock Position in ProShares UltraPro S&P 500 $UPRO

Revere Asset Management Inc raised its holdings in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 8.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 197,317 shares of the company’s stock after purchasing an additional 15,655 shares during the period. ProShares UltraPro S&P 500 makes up 8.0% of Revere Asset Management Inc’s portfolio, making the stock its 3rd biggest position. Revere Asset Management Inc’s holdings in ProShares UltraPro S&P 500 were worth $22,841,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in ProShares UltraPro S&P 500 by 142.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 22,613 shares of the company’s stock valued at $2,521,000 after buying an additional 13,288 shares during the period. Turner Capital Investments LLC bought a new stake in ProShares UltraPro S&P 500 in the 4th quarter valued at $60,838,000. BXM Wealth LLC bought a new stake in ProShares UltraPro S&P 500 in the 4th quarter valued at $23,340,000. Sound Income Strategies LLC bought a new stake in ProShares UltraPro S&P 500 in the 4th quarter valued at $873,000. Finally, Axxcess Wealth Management LLC increased its holdings in ProShares UltraPro S&P 500 by 13.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 207,520 shares of the company’s stock valued at $23,136,000 after buying an additional 24,606 shares during the period.

ProShares UltraPro S&P 500 Price Performance

Shares of ProShares UltraPro S&P 500 stock opened at $143.08 on Tuesday. The firm has a market capitalization of $5.22 billion, a PE ratio of 28.62 and a beta of 3.02. The company’s fifty day moving average price is $118.81 and its two-hundred day moving average price is $116.93. ProShares UltraPro S&P 500 has a 52-week low of $74.48 and a 52-week high of $145.93.

ProShares UltraPro S&P 500 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.