Sequoia Financial Advisors LLC Makes New $604,000 Investment in ProShares Ultra Technology $ROM

Sequoia Financial Advisors LLC acquired a new position in shares of ProShares Ultra Technology (NYSEARCA:ROM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,400 shares of the company’s stock, valued at approximately $604,000.

Several other large investors also recently added to or reduced their stakes in ROM. Aventura Private Wealth LLC bought a new stake in ProShares Ultra Technology during the fourth quarter worth approximately $75,000. Kanawha Capital Management LLC bought a new stake in ProShares Ultra Technology during the third quarter worth approximately $203,000. APS Management Group Inc. bought a new stake in ProShares Ultra Technology during the fourth quarter worth approximately $207,000. Great Valley Advisor Group Inc. bought a new stake in ProShares Ultra Technology during the second quarter worth approximately $262,000. Finally, Cerity Partners LLC bought a new stake in ProShares Ultra Technology during the second quarter worth approximately $487,000.

ProShares Ultra Technology Price Performance

Shares of NYSEARCA ROM opened at $135.62 on Friday. The business’s 50 day moving average is $98.79 and its two-hundred day moving average is $95.88. ProShares Ultra Technology has a 1-year low of $60.54 and a 1-year high of $141.99. The stock has a market capitalization of $1.17 billion, a P/E ratio of 38.02 and a beta of 2.63.

About ProShares Ultra Technology

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. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as 200% of the daily return of the Index.