7,266 Shares in ProShares UltraPro S&P 500 $UPRO Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC acquired a new position in ProShares UltraPro S&P 500 (NYSEARCA:UPROFree Report) in the 4th quarter, HoldingsChannel reports. The fund acquired 7,266 shares of the company’s stock, valued at approximately $873,000.

Several other large investors 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 3rd quarter. Assetmark Inc. now owns 210,489 shares of the company’s stock worth $23,467,000 after acquiring an additional 207,546 shares during the last quarter. Ridgepath Capital Management LLC increased its holdings in ProShares UltraPro S&P 500 by 13.4% in the 3rd quarter. Ridgepath Capital Management LLC now owns 207,947 shares of the company’s stock worth $23,184,000 after acquiring an additional 24,606 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in ProShares UltraPro S&P 500 by 13.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 207,520 shares of the company’s stock worth $23,136,000 after acquiring an additional 24,606 shares during the last quarter. BXM Wealth LLC purchased a new stake in ProShares UltraPro S&P 500 in the 4th quarter worth about $23,340,000. Finally, Revere Asset Management Inc purchased a new stake in ProShares UltraPro S&P 500 in the 3rd quarter worth about $20,253,000.

ProShares UltraPro S&P 500 Stock Up 0.1%

UPRO stock opened at $100.85 on Wednesday. The firm has a market capitalization of $4.13 billion, a PE ratio of 28.62 and a beta of 3.02. ProShares UltraPro S&P 500 has a twelve month low of $48.22 and a twelve month high of $122.85. The stock has a 50-day simple moving average of $109.56 and a two-hundred day simple moving average of $113.12.

ProShares UltraPro S&P 500 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, March 25th.

Key ProShares UltraPro S&P 500 News

Here are the key news stories impacting ProShares UltraPro S&P 500 this week:

ProShares UltraPro S&P 500 Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding UPRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro S&P 500 (NYSEARCA:UPROFree Report).

Institutional Ownership by Quarter for ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

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