Beaton Management Co. Inc. Acquires 8,260 Shares of ProShares Ultra Semiconductors $USD

Beaton Management Co. Inc. lifted its position in ProShares Ultra Semiconductors (NYSEARCA:USD) by 64.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,980 shares of the company’s stock after acquiring an additional 8,260 shares during the period. Beaton Management Co. Inc.’s holdings in ProShares Ultra Semiconductors were worth $1,102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in USD. Guerra Advisors Inc purchased a new stake in shares of ProShares Ultra Semiconductors in the 3rd quarter worth approximately $26,000. BOKF NA raised its holdings in ProShares Ultra Semiconductors by 100.0% in the 4th quarter. BOKF NA now owns 720 shares of the company’s stock worth $38,000 after purchasing an additional 360 shares during the period. Whittier Trust Co. raised its holdings in ProShares Ultra Semiconductors by 100.0% in the 4th quarter. Whittier Trust Co. now owns 960 shares of the company’s stock worth $54,000 after purchasing an additional 480 shares during the period. Franklin Resources Inc. bought a new position in ProShares Ultra Semiconductors in the 2nd quarter worth $61,000. Finally, Qube Research & Technologies Ltd bought a new position in ProShares Ultra Semiconductors in the 3rd quarter worth $64,000.

ProShares Ultra Semiconductors Stock Up 6.1%

NYSEARCA:USD opened at $108.37 on Tuesday. The business’s 50-day simple moving average is $75.39 and its two-hundred day simple moving average is $61.67. The stock has a market cap of $3.29 billion, a PE ratio of 40.05 and a beta of 3.63. ProShares Ultra Semiconductors has a 52 week low of $27.58 and a 52 week high of $109.43.

ProShares Ultra Semiconductors Company Profile

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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.