Robinson Value Management Ltd. Makes New $16.92 Million Investment in ProShares UltraPro S&P 500 $UPRO

Robinson Value Management Ltd. bought a new position in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the 4th quarter, Holdings Channel reports. The firm bought 146,158 shares of the company’s stock, valued at approximately $16,919,000. ProShares UltraPro S&P 500 makes up 9.1% of Robinson Value Management Ltd.’s investment portfolio, making the stock its biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in ProShares UltraPro S&P 500 by 7,052.2% in the third quarter. Assetmark Inc. now owns 210,489 shares of the company’s stock valued at $23,467,000 after buying an additional 207,546 shares in the last quarter. Revere Asset Management Inc acquired a new stake in shares of ProShares UltraPro S&P 500 in the 3rd quarter worth approximately $20,253,000. Quadrature Capital Ltd acquired a new stake in shares of ProShares UltraPro S&P 500 in the 2nd quarter worth approximately $6,497,000. Spectrum Financial Alliance Ltd LLC grew its holdings in shares of ProShares UltraPro S&P 500 by 185.4% in the 2nd quarter. Spectrum Financial Alliance Ltd LLC now owns 83,958 shares of the company’s stock worth $8,234,000 after acquiring an additional 54,541 shares during the period. Finally, Diversified Trust Co acquired a new stake in shares of ProShares UltraPro S&P 500 in the 3rd quarter worth approximately $5,574,000.

ProShares UltraPro S&P 500 Price Performance

NYSEARCA UPRO opened at $100.52 on Thursday. The business has a 50 day moving average price of $113.51 and a 200 day moving average price of $113.73. The company has a market capitalization of $3.96 billion, a P/E ratio of 28.62 and a beta of 3.03. ProShares UltraPro S&P 500 has a 1-year low of $45.88 and a 1-year high of $122.85.

ProShares UltraPro S&P 500 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be issued a $0.2225 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.89 annualized dividend and a yield of 0.9%.

ProShares UltraPro S&P 500 Company Profile

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.