Concentrum Wealth Management Boosts Stock Position in ProShares Ultra Semiconductors (NYSEARCA:USD)

Concentrum Wealth Management raised its position in shares of ProShares Ultra Semiconductors (NYSEARCA:USD) by 86.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,464 shares of the company’s stock after buying an additional 1,606 shares during the quarter. Concentrum Wealth Management’s holdings in ProShares Ultra Semiconductors were worth $226,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dale Q Rice Investment Management Ltd acquired a new stake in ProShares Ultra Semiconductors in the fourth quarter valued at approximately $28,445,000. Merit Financial Group LLC purchased a new stake in shares of ProShares Ultra Semiconductors during the fourth quarter worth about $280,000. Client First Investment Management LLC increased its holdings in shares of ProShares Ultra Semiconductors by 58.1% during the fourth quarter. Client First Investment Management LLC now owns 69,012 shares of the company’s stock valued at $4,495,000 after acquiring an additional 25,351 shares in the last quarter. Pure Financial Advisors LLC raised its position in shares of ProShares Ultra Semiconductors by 100.0% in the 4th quarter. Pure Financial Advisors LLC now owns 3,436 shares of the company’s stock valued at $224,000 after purchasing an additional 1,718 shares during the last quarter. Finally, Advisory Alpha LLC boosted its stake in ProShares Ultra Semiconductors by 100.2% in the 4th quarter. Advisory Alpha LLC now owns 10,224 shares of the company’s stock worth $666,000 after purchasing an additional 5,117 shares in the last quarter.

ProShares Ultra Semiconductors Trading Down 14.6 %

NYSEARCA:USD opened at $29.19 on Monday. ProShares Ultra Semiconductors has a twelve month low of $25.02 and a twelve month high of $85.07. The company has a market cap of $519.00 million, a PE ratio of 30.08 and a beta of 2.78. The company’s 50 day moving average is $52.10 and its two-hundred day moving average is $61.86.

ProShares Ultra Semiconductors Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a $0.0499 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

About ProShares Ultra Semiconductors

ProShares Ultra Semiconductors (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Semiconductor Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.