Axxcess Wealth Management LLC Has $23.14 Million Holdings in ProShares UltraPro S&P 500 $UPRO

Axxcess Wealth Management LLC boosted its stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 13.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,520 shares of the company’s stock after purchasing an additional 24,606 shares during the period. Axxcess Wealth Management LLC owned about 0.48% of ProShares UltraPro S&P 500 worth $23,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UPRO. Encompass More Asset Management boosted its stake in shares of ProShares UltraPro S&P 500 by 190.6% in the 3rd quarter. Encompass More Asset Management now owns 33,061 shares of the company’s stock valued at $3,686,000 after purchasing an additional 21,686 shares during the last quarter. Diversified Trust Co acquired a new position in ProShares UltraPro S&P 500 in the third quarter valued at $5,574,000. HC Advisors LLC bought a new stake in ProShares UltraPro S&P 500 during the second quarter valued at $245,000. Surience Private Wealth LLC bought a new stake in ProShares UltraPro S&P 500 during the third quarter valued at $903,000. Finally, Legacy Wealth Managment LLC ID acquired a new stake in ProShares UltraPro S&P 500 during the 2nd quarter worth about $64,000.

ProShares UltraPro S&P 500 Trading Up 0.5%

UPRO stock opened at $114.06 on Wednesday. The firm has a market cap of $4.49 billion, a PE ratio of 28.62 and a beta of 3.03. The stock has a 50-day moving average price of $117.99 and a 200-day moving average price of $112.13. ProShares UltraPro S&P 500 has a 1-year low of $45.88 and a 1-year high of $122.85.

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.