Axxcess Wealth Management LLC Has $22.93 Million Stake in ProShares UltraPro S&P 500 $UPRO

Axxcess Wealth Management LLC lowered its stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,096 shares of the company’s stock after selling 9,424 shares during the quarter. Axxcess Wealth Management LLC’s holdings in ProShares UltraPro S&P 500 were worth $22,932,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Turner Capital Investments LLC acquired a new position in ProShares UltraPro S&P 500 during the 4th quarter worth approximately $60,838,000. BXM Wealth LLC bought a new position in ProShares UltraPro S&P 500 in the 4th quarter valued at approximately $23,340,000. Revere Asset Management Inc boosted its position in ProShares UltraPro S&P 500 by 8.6% in the fourth quarter. Revere Asset Management Inc now owns 197,317 shares of the company’s stock valued at $22,841,000 after buying an additional 15,655 shares in the last quarter. Robinson Value Management Ltd. acquired a new stake in ProShares UltraPro S&P 500 in the fourth quarter valued at approximately $16,919,000. Finally, Spectrum Financial Alliance Ltd LLC boosted its position in ProShares UltraPro S&P 500 by 37.8% in the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 125,596 shares of the company’s stock valued at $14,539,000 after buying an additional 34,447 shares in the last quarter.

ProShares UltraPro S&P 500 Stock Performance

NYSEARCA UPRO opened at $142.81 on Friday. The firm’s fifty day moving average price is $134.66 and its two-hundred day moving average price is $120.89. The stock has a market cap of $5.21 billion, a PE ratio of 28.62 and a beta of 3.02. ProShares UltraPro S&P 500 has a fifty-two week low of $80.82 and a fifty-two week high of $151.41.

About ProShares UltraPro S&P 500

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.