6,853 Shares of ProShares UltraPro S&P 500 $UPRO Bought by Kwmg LLC

Kwmg LLC purchased a new stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 6,853 shares of the company’s stock, valued at approximately $1,007,000.

Several other institutional investors also recently bought and sold shares of the company. Hickory Point Bank & Trust increased its position in shares of ProShares UltraPro S&P 500 by 6.4% during the third quarter. Hickory Point Bank & Trust now owns 5,222 shares of the company’s stock worth $767,000 after purchasing an additional 314 shares in the last quarter. Revere Asset Management Inc boosted its stake in ProShares UltraPro S&P 500 by 116.3% during the 2nd quarter. Revere Asset Management Inc now owns 393,443 shares of the company’s stock worth $55,786,000 after purchasing an additional 211,506 shares during the last quarter. Financial Insights Inc. purchased a new stake in shares of ProShares UltraPro S&P 500 during the second quarter worth $319,000. Legacy Wealth Managment LLC ID acquired a new stake in shares of ProShares UltraPro S&P 500 in the second quarter valued at about $232,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of ProShares UltraPro S&P 500 in the second quarter worth about $619,000.

ProShares UltraPro S&P 500 Price Performance

UPRO traded down $1.06 on Wednesday, reaching $155.35. 1,398,873 shares of the company’s stock were exchanged, compared to its average volume of 3,196,788. ProShares UltraPro S&P 500 has a twelve month low of $88.14 and a twelve month high of $158.63. The stock has a market cap of $5.58 billion, a PE ratio of 28.62 and a beta of 3.03. The stock’s fifty day moving average price is $149.77 and its 200-day moving average price is $137.44.

ProShares UltraPro S&P 500 News Summary

Here are the key news stories impacting ProShares UltraPro S&P 500 this week:

• Positive Sentiment: The S&P 500 and Nasdaq reached record closing highs as artificial-intelligence and other technology shares advanced, while Treasury yields eased from recent multi-year highs. This remains a supportive backdrop for UPRO, although the ETF’s leverage increases risk if the market reverses. S&P 500 hits record high as AI stocks rise and Treasury yields ease further
• Positive Sentiment: Investor sentiment improved and the Fear & Greed Index moved into the neutral zone, suggesting reduced near-term fear following the index’s record advance. S&P 500 Hits Record High: Investor Sentiment Improves
• Neutral Sentiment: U.S. futures were little changed ahead of the Federal Reserve’s September meeting minutes, leaving markets sensitive to signals about interest rates. Oil prices were higher and Treasury yields edged up. Three Stocks Are Now 21% of the S&P 500
• Negative Sentiment: Market breadth is weak: NVIDIA, Apple and Microsoft account for roughly 21% of the S&P 500, while many other stocks are declining. The concentration and recent gains also raise overvaluation and reversal risks for index-linked products. The S&P 500 Hits a New Record High, Powered by Tech—and Not Much Else
• Negative Sentiment: Geopolitical tensions involving Iran, higher oil prices, borrowing costs and the Federal Reserve’s rate-hike backdrop continue to threaten the rally. Some megacap stocks also appear overbought, while limited retail participation is viewed as a possible contrarian warning. Only Four Trillion-Dollar Stocks Are Beating the S&P 500

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.