Ascentis Independent Advisors Has $1.82 Million Stock Position in ProShares UltraPro Dow30 $UDOW

Ascentis Independent Advisors increased its stake in ProShares UltraPro Dow30 (NYSEARCA:UDOW) by 95.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 36,183 shares of the company’s stock after purchasing an additional 17,707 shares during the quarter. Ascentis Independent Advisors’ holdings in ProShares UltraPro Dow30 were worth $1,816,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in ProShares UltraPro Dow30 by 100.0% during the fourth quarter. NewEdge Advisors LLC now owns 470 shares of the company’s stock worth $27,000 after buying an additional 235 shares during the last quarter. Larson Financial Group LLC raised its position in ProShares UltraPro Dow30 by 100.8% during the fourth quarter. Larson Financial Group LLC now owns 749 shares of the company’s stock worth $43,000 after acquiring an additional 376 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in ProShares UltraPro Dow30 by 107.7% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 858 shares of the company’s stock valued at $50,000 after acquiring an additional 445 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in ProShares UltraPro Dow30 by 100.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,150 shares of the company’s stock valued at $67,000 after acquiring an additional 575 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of ProShares UltraPro Dow30 by 100.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the company’s stock valued at $74,000 after acquiring an additional 638 shares during the period.

ProShares UltraPro Dow30 Price Performance

ProShares UltraPro Dow30 stock opened at $73.17 on Tuesday. The firm has a market capitalization of $903.65 million, a PE ratio of 20.47 and a beta of 2.60. The company’s 50-day moving average is $64.85 and its 200-day moving average is $60.53. ProShares UltraPro Dow30 has a fifty-two week low of $44.37 and a fifty-two week high of $73.17.

ProShares UltraPro Dow30 Profile

ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.