25,007 Shares in ProShares Ultra Communication Services $LTL Acquired by WealthCare Asset Management LLC

WealthCare Asset Management LLC purchased a new position in shares of ProShares Ultra Communication Services (NYSEARCA:LTL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,007 shares of the exchange traded fund’s stock, valued at approximately $710,000. ProShares Ultra Communication Services comprises about 0.5% of WealthCare Asset Management LLC’s holdings, making the stock its 24th largest holding. WealthCare Asset Management LLC owned 4.55% of ProShares Ultra Communication Services at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ProShares Ultra Communication Services during the third quarter worth approximately $99,000. Citadel Advisors LLC bought a new stake in shares of ProShares Ultra Communication Services during the third quarter worth approximately $347,000. Susquehanna International Group LLP grew its holdings in ProShares Ultra Communication Services by 11.7% during the third quarter. Susquehanna International Group LLP now owns 5,777 shares of the exchange traded fund’s stock valued at $675,000 after purchasing an additional 607 shares during the period. Finally, IMC Chicago LLC grew its holdings in ProShares Ultra Communication Services by 431.4% during the fourth quarter. IMC Chicago LLC now owns 225,263 shares of the exchange traded fund’s stock valued at $6,399,000 after purchasing an additional 182,872 shares during the period.

ProShares Ultra Communication Services Stock Performance

Shares of NYSEARCA LTL opened at $25.02 on Wednesday. The stock has a market cap of $7.51 million, a P/E ratio of 19.19 and a beta of 1.66. The firm has a 50 day moving average price of $26.50 and a 200 day moving average price of $27.01. ProShares Ultra Communication Services has a 52-week low of $22.16 and a 52-week high of $29.67.

About ProShares Ultra Communication Services

ProShares Ultra Telecommunications (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Select Telecommunications Index (the Index). The Dow Jones U.S. Technology Index measures providers of fixed-line and mobile telephone services. Fixed-line includes regional and long-distance carriers. Mobile includes cellular, satellite and paging services. The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.