ProShares UltraPro S&P 500 $UPRO is Spectrum Financial Alliance Ltd LLC’s 10th Largest Position

Spectrum Financial Alliance Ltd LLC lifted its position in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 3.4% during the first quarter, Holdings Channel reports. The institutional investor owned 129,902 shares of the company’s stock after purchasing an additional 4,306 shares during the period. ProShares UltraPro S&P 500 makes up approximately 2.4% of Spectrum Financial Alliance Ltd LLC’s investment portfolio, making the stock its 10th biggest position. Spectrum Financial Alliance Ltd LLC’s holdings in ProShares UltraPro S&P 500 were worth $12,598,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Turner Capital Investments LLC purchased a new stake in ProShares UltraPro S&P 500 in the 4th quarter worth $60,838,000. BXM Wealth LLC purchased a new position in shares of ProShares UltraPro S&P 500 in the fourth quarter valued at about $23,340,000. Revere Asset Management Inc lifted its position in shares of 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 acquiring an additional 15,655 shares in the last quarter. Robinson Value Management Ltd. bought a new position in shares of ProShares UltraPro S&P 500 in the fourth quarter worth about $16,919,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of ProShares UltraPro S&P 500 by 60.6% in the third quarter. Tower Research Capital LLC TRC now owns 43,613 shares of the company’s stock worth $4,862,000 after acquiring an additional 16,460 shares during the period.

ProShares UltraPro S&P 500 Price Performance

Shares of NYSEARCA:UPRO traded up $1.77 during trading on Friday, hitting $146.16. 1,894,254 shares of the company’s stock were exchanged, compared to its average volume of 3,806,935. The business’s 50-day simple moving average is $140.95 and its 200 day simple moving average is $123.56. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 28.62 and a beta of 3.02. ProShares UltraPro S&P 500 has a 52-week low of $88.14 and a 52-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.