Ridgepath Capital Management LLC Sells 38,730 Shares of ProShares UltraPro S&P 500 $UPRO

Ridgepath Capital Management LLC reduced its stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 18.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,217 shares of the company’s stock after selling 38,730 shares during the quarter. ProShares UltraPro S&P 500 makes up approximately 8.2% of Ridgepath Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Ridgepath Capital Management LLC owned about 0.46% of ProShares UltraPro S&P 500 worth $16,411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of UPRO. O Shaughnessy Asset Management LLC purchased a new stake in shares of ProShares UltraPro S&P 500 in the fourth quarter valued at about $28,000. Kestra Advisory Services LLC acquired a new position in ProShares UltraPro S&P 500 in the 4th quarter valued at about $28,000. Federation des caisses Desjardins du Quebec boosted its holdings in ProShares UltraPro S&P 500 by 465.7% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 396 shares of the company’s stock valued at $46,000 after purchasing an additional 326 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of ProShares UltraPro S&P 500 in the 2nd quarter valued at approximately $90,000. Finally, EFG International AG purchased a new stake in shares of ProShares UltraPro S&P 500 in the 4th quarter valued at approximately $110,000.

ProShares UltraPro S&P 500 Price Performance

Shares of NYSEARCA UPRO opened at $138.47 on Tuesday. ProShares UltraPro S&P 500 has a 1 year low of $88.14 and a 1 year high of $151.41. The company has a market capitalization of $5.18 billion, a P/E ratio of 28.62 and a beta of 3.02. The company has a 50 day simple moving average of $141.76 and a 200-day simple moving average of $124.56.

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.