Prosperity Wealth Management Inc. Sells 69,688 Shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Prosperity Wealth Management Inc. decreased its stake in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 34.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 130,315 shares of the company’s stock after selling 69,688 shares during the period. ProShares UltraPro S&P 500 accounts for about 4.6% of Prosperity Wealth Management Inc.’s holdings, making the stock its 4th largest position. Prosperity Wealth Management Inc. owned about 0.23% of ProShares UltraPro S&P 500 worth $7,133,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in UPRO. Advisor Group Holdings Inc. boosted its stake in ProShares UltraPro S&P 500 by 18.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,223 shares of the company’s stock valued at $270,000 after purchasing an additional 656 shares during the period. JPMorgan Chase & Co. lifted its position in shares of ProShares UltraPro S&P 500 by 311.6% in the 1st quarter. JPMorgan Chase & Co. now owns 31,263 shares of the company’s stock worth $1,989,000 after acquiring an additional 23,667 shares during the period. Citigroup Inc. bought a new stake in shares of ProShares UltraPro S&P 500 in the 1st quarter worth approximately $45,000. First Western Trust Bank bought a new stake in shares of ProShares UltraPro S&P 500 in the 1st quarter worth approximately $396,000. Finally, Flow Traders U.S. LLC lifted its position in shares of ProShares UltraPro S&P 500 by 486.4% during the 1st quarter. Flow Traders U.S. LLC now owns 172,184 shares of the company’s stock worth $10,956,000 after buying an additional 142,820 shares during the period.

ProShares UltraPro S&P 500 Price Performance

Shares of ProShares UltraPro S&P 500 stock traded down $1.18 during midday trading on Wednesday, hitting $61.19. 4,043,484 shares of the company were exchanged, compared to its average volume of 6,787,785. ProShares UltraPro S&P 500 has a 52 week low of $35.57 and a 52 week high of $71.16. The firm has a 50 day simple moving average of $66.01 and a 200-day simple moving average of $54.97.

ProShares UltraPro S&P 500 Company 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.