Beaton Management Co. Inc. Has $955,000 Stake in ProShares Ultra Dow30 $DDM

Beaton Management Co. Inc. grew its position in ProShares Ultra Dow30 (NYSEARCA:DDM) by 96.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,800 shares of the company’s stock after purchasing an additional 8,250 shares during the quarter. Beaton Management Co. Inc.’s holdings in ProShares Ultra Dow30 were worth $955,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new position in shares of ProShares Ultra Dow30 in the third quarter valued at approximately $44,000. PNC Financial Services Group Inc. boosted its holdings in ProShares Ultra Dow30 by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 500 shares of the company’s stock valued at $28,000 after purchasing an additional 250 shares during the period. WealthShield Partners LLC boosted its holdings in ProShares Ultra Dow30 by 100.0% in the 4th quarter. WealthShield Partners LLC now owns 1,404 shares of the company’s stock valued at $80,000 after purchasing an additional 702 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in ProShares Ultra Dow30 by 435.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,993 shares of the company’s stock valued at $113,000 after purchasing an additional 1,621 shares during the period. Finally, Bank of America Corp DE boosted its holdings in 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 period.

ProShares Ultra Dow30 Stock Up 0.3%

NYSEARCA DDM opened at $62.86 on Tuesday. The company has a market capitalization of $559.45 million, a P/E ratio of 20.98 and a beta of 1.74. ProShares Ultra Dow30 has a 12-month low of $44.47 and a 12-month high of $62.94. The firm has a 50-day moving average price of $57.23 and a two-hundred day moving average price of $57.43.

ProShares Ultra Dow30 Profile

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.