Independent Financial Group LLC Buys Shares of 20,229 ProShares UltraPro S&P 500 $UPRO

Independent Financial Group LLC purchased a new position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,229 shares of the company’s stock, valued at approximately $1,962,000.

A number of other hedge funds also recently modified their holdings of UPRO. Turner Capital Investments LLC acquired a new stake in shares of ProShares UltraPro S&P 500 during the fourth quarter worth about $60,838,000. BXM Wealth LLC acquired a new position in shares of ProShares UltraPro S&P 500 in the 4th quarter valued at approximately $23,340,000. Revere Asset Management Inc increased its stake in ProShares UltraPro S&P 500 by 8.6% during the 4th quarter. Revere Asset Management Inc now owns 197,317 shares of the company’s stock worth $22,841,000 after purchasing an additional 15,655 shares in the last quarter. Robinson Value Management Ltd. bought a new stake in ProShares UltraPro S&P 500 during the 4th quarter worth approximately $16,919,000. Finally, Spectrum Financial Alliance Ltd LLC raised its holdings in ProShares UltraPro S&P 500 by 3.4% during the 1st quarter. Spectrum Financial Alliance Ltd LLC now owns 129,902 shares of the company’s stock worth $12,598,000 after buying an additional 4,306 shares during the period.

ProShares UltraPro S&P 500 Stock Performance

Shares of UPRO stock opened at $139.05 on Monday. ProShares UltraPro S&P 500 has a 52 week low of $88.14 and a 52 week high of $151.41. The company’s 50 day moving average price is $141.79 and its two-hundred day moving average price is $124.42. The company has a market capitalization of $5.20 billion, a P/E ratio of 28.62 and a beta of 3.02.

ProShares UltraPro S&P 500 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.