JPMorgan Chase & Co. lowered its stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Free Report) by 33.4% during the third quarter, Holdings Channel reports. The institutional investor owned 21,405 shares of the company’s stock after selling 10,712 shares during the period. JPMorgan Chase & Co.’s holdings in ProShares UltraPro S&P 500 were worth $2,386,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Optiver Holding B.V. bought a new stake in ProShares UltraPro S&P 500 in the 3rd quarter valued at about $37,000. Bank of America Corp DE bought a new stake in ProShares UltraPro S&P 500 in the 2nd quarter valued at about $90,000. Physician Wealth Advisors Inc. boosted its holdings in ProShares UltraPro S&P 500 by 11.6% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 944 shares of the company’s stock valued at $105,000 after purchasing an additional 98 shares during the period. Stratos Wealth Partners LTD. bought a new stake in ProShares UltraPro S&P 500 in the 3rd quarter valued at about $202,000. Finally, Segment Wealth Management LLC bought a new stake in ProShares UltraPro S&P 500 in the 3rd quarter valued at about $203,000.
ProShares UltraPro S&P 500 Stock Up 1.4%
NYSEARCA UPRO opened at $100.74 on Tuesday. The company has a market capitalization of $4.09 billion, a P/E ratio of 28.62 and a beta of 3.03. ProShares UltraPro S&P 500 has a 12-month low of $45.88 and a 12-month high of $122.85. The firm has a 50-day moving average price of $109.97 and a two-hundred day moving average price of $113.19.
ProShares UltraPro S&P 500 Cuts Dividend
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.
Further Reading
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