ProShares UltraPro S&P 500 $UPRO Shares Bought by Revere Asset Management Inc

Revere Asset Management Inc raised its holdings in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 116.3% during the second quarter, Holdings Channel.com reports. The firm owned 393,443 shares of the company’s stock after purchasing an additional 211,506 shares during the period. ProShares UltraPro S&P 500 makes up 21.5% of Revere Asset Management Inc’s holdings, making the stock its 2nd biggest holding. Revere Asset Management Inc’s holdings in ProShares UltraPro S&P 500 were worth $55,786,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Financial Insights Inc. acquired a new position in ProShares UltraPro S&P 500 during the 2nd quarter worth approximately $319,000. Legacy Wealth Managment LLC ID acquired a new position in shares of ProShares UltraPro S&P 500 during the second quarter worth $232,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in ProShares UltraPro S&P 500 in the second quarter valued at $619,000. Westmount Partners LLC lifted its holdings in ProShares UltraPro S&P 500 by 10.4% during the 2nd quarter. Westmount Partners LLC now owns 9,370 shares of the company’s stock worth $1,329,000 after buying an additional 884 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in ProShares UltraPro S&P 500 by 12.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 17,568 shares of the company’s stock worth $1,704,000 after buying an additional 1,982 shares during the last quarter.

ProShares UltraPro S&P 500 Price Performance

Shares of UPRO traded down $2.03 during mid-day trading on Monday, reaching $145.99. The company’s stock had a trading volume of 1,768,157 shares, compared to its average volume of 3,326,696. ProShares UltraPro S&P 500 has a 12-month low of $88.14 and a 12-month high of $158.63. The stock has a market cap of $5.37 billion, a PE ratio of 28.62 and a beta of 3.02. The company’s 50 day moving average is $147.01 and its 200 day moving average is $132.84.

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.