ProShares Ultra Dow30 $DDM Position Boosted by CPR Investments Inc.

CPR Investments Inc. lifted its stake in ProShares Ultra Dow30 (NYSEARCA:DDM) by 277.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,586 shares of the company’s stock after acquiring an additional 11,460 shares during the quarter. ProShares Ultra Dow30 comprises 0.5% of CPR Investments Inc.’s portfolio, making the stock its 28th largest holding. CPR Investments Inc.’s holdings in ProShares Ultra Dow30 were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DDM. Capital Investment Advisory Services LLC increased its stake in shares of ProShares Ultra Dow30 by 7.4% in the third quarter. Capital Investment Advisory Services LLC now owns 3,738 shares of the company’s stock worth $401,000 after acquiring an additional 257 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of ProShares Ultra Dow30 during the 3rd quarter worth $44,000. Castleview Partners LLC raised its holdings in shares of ProShares Ultra Dow30 by 20.2% during the 3rd quarter. Castleview Partners LLC now owns 3,226 shares of the company’s stock valued at $346,000 after purchasing an additional 542 shares in the last quarter. GenWealth Group Inc. raised its holdings in shares of ProShares Ultra Dow30 by 1.9% during the 3rd quarter. GenWealth Group Inc. now owns 77,724 shares of the company’s stock valued at $8,338,000 after purchasing an additional 1,460 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of ProShares Ultra Dow30 by 106.4% in the 2nd quarter. Bank of America Corp DE now owns 3,096 shares of the company’s stock valued at $304,000 after purchasing an additional 1,596 shares during the last quarter.

ProShares Ultra Dow30 Price Performance

ProShares Ultra Dow30 stock opened at $49.49 on Friday. ProShares Ultra Dow30 has a one year low of $34.54 and a one year high of $62.35. The company’s fifty day moving average price is $57.29 and its two-hundred day moving average price is $56.17. The company has a market capitalization of $435.51 million, a price-to-earnings ratio of 20.98 and a beta of 1.84.

ProShares Ultra Dow30 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be paid a $0.1553 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 25th. This is a positive change from ProShares Ultra Dow30’s previous quarterly dividend of $0.14.

About ProShares Ultra Dow30

The ProShares Ultra Dow30 (DDM) is an exchange-traded fund that is based on the Dow Jones Industrial Average index. The fund provides 2x leveraged exposure to the price-weighted Dow Jones Industrial Average, which includes 30 of the largest and most stable US companies. DDM was launched on Jun 19, 2006 and is managed by ProShares.