Howard Capital Management Group LLC Makes New Investment in ProShares UltraPro S&P 500 $UPRO

Howard Capital Management Group LLC acquired a new stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,000 shares of the company’s stock, valued at approximately $1,158,000.

A number of other institutional investors also recently modified their holdings of UPRO. Assetmark Inc. grew its stake in shares of ProShares UltraPro S&P 500 by 7,052.2% during the third quarter. Assetmark Inc. now owns 210,489 shares of the company’s stock valued at $23,467,000 after purchasing an additional 207,546 shares during the last quarter. Revere Asset Management Inc acquired a new stake in shares of ProShares UltraPro S&P 500 in the third quarter valued at approximately $20,253,000. Robinson Value Management Ltd. bought a new position in ProShares UltraPro S&P 500 in the 4th quarter worth approximately $16,919,000. Spectrum Financial Alliance Ltd LLC raised its position in ProShares UltraPro S&P 500 by 185.4% in the 2nd quarter. Spectrum Financial Alliance Ltd LLC now owns 83,958 shares of the company’s stock worth $8,234,000 after purchasing an additional 54,541 shares during the last quarter. Finally, Diversified Trust Co acquired a new position in ProShares UltraPro S&P 500 during the 3rd quarter worth $5,574,000.

ProShares UltraPro S&P 500 Stock Performance

Shares of UPRO opened at $99.38 on Friday. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 28.62 and a beta of 3.03. The business’s fifty day moving average price is $110.74 and its two-hundred day moving average price is $113.24. ProShares UltraPro S&P 500 has a 52 week low of $45.88 and a 52 week high of $122.85.

ProShares UltraPro S&P 500 Cuts Dividend

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

About ProShares UltraPro S&P 500

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.