Spectrum Financial Alliance Ltd LLC Purchases 53,304 Shares of ProShares UltraPro Dow30 $UDOW

Spectrum Financial Alliance Ltd LLC increased its position in ProShares UltraPro Dow30 (NYSEARCA:UDOW) by 150.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,732 shares of the company’s stock after purchasing an additional 53,304 shares during the quarter. ProShares UltraPro Dow30 makes up about 0.9% of Spectrum Financial Alliance Ltd LLC’s investment portfolio, making the stock its 17th largest holding. Spectrum Financial Alliance Ltd LLC’s holdings in ProShares UltraPro Dow30 were worth $4,453,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in ProShares UltraPro Dow30 by 100.0% in the fourth quarter. NewEdge Advisors LLC now owns 470 shares of the company’s stock worth $27,000 after purchasing an additional 235 shares during the period. Larson Financial Group LLC raised its position in shares of ProShares UltraPro Dow30 by 100.8% in the 4th quarter. Larson Financial Group LLC now owns 749 shares of the company’s stock worth $43,000 after purchasing an additional 376 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its stake in ProShares UltraPro Dow30 by 107.7% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 858 shares of the company’s stock worth $50,000 after purchasing an additional 445 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in ProShares UltraPro Dow30 by 100.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,150 shares of the company’s stock worth $67,000 after purchasing an additional 575 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in ProShares UltraPro Dow30 by 100.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the company’s stock valued at $74,000 after purchasing an additional 638 shares during the last quarter.

ProShares UltraPro Dow30 Stock Up 0.8%

ProShares UltraPro Dow30 stock traded up $0.56 during trading hours on Friday, hitting $71.26. The stock had a trading volume of 1,620,520 shares, compared to its average volume of 3,774,419. The stock’s 50-day moving average price is $65.81 and its 200-day moving average price is $60.88. The stock has a market capitalization of $880.06 million, a P/E ratio of 20.47 and a beta of 2.60. ProShares UltraPro Dow30 has a 12-month low of $44.37 and a 12-month high of $74.21.

ProShares UltraPro Dow30 Company Profile

ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.