Novare Capital Management LLC Invests $211,000 in ProShares Ultra Technology (NYSEARCA:ROM)
Novare Capital Management LLC bought a new stake in shares of ProShares Ultra Technology (NYSEARCA:ROM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,325 shares of the company’s stock, valued at approximately $211,000.
Several other large investors have also bought and sold shares of ROM. Simplex Trading LLC acquired a new stake in ProShares Ultra Technology in the 3rd quarter valued at $97,000. Central Bank & Trust Co. acquired a new stake in shares of ProShares Ultra Technology in the third quarter valued at about $123,000. Morgan Stanley grew its position in shares of ProShares Ultra Technology by 154.8% in the second quarter. Morgan Stanley now owns 2,326 shares of the company’s stock valued at $274,000 after purchasing an additional 1,413 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of ProShares Ultra Technology by 4.1% in the third quarter. Envestnet Asset Management Inc. now owns 16,161 shares of the company’s stock valued at $1,992,000 after purchasing an additional 635 shares during the period.
Shares of ROM stock traded up $0.57 on Friday, reaching $194.42. 2,446 shares of the company were exchanged, compared to its average volume of 53,383. ProShares Ultra Technology has a 1 year low of $95.04 and a 1 year high of $195.76. The business has a 50-day moving average price of $174.98 and a 200 day moving average price of $142.25.
ProShares Ultra Technology (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology industry of the United States equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services.
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