Howard Capital Management Inc. Acquires Shares of 1,190,076 ProShares UltraPro S&P 500 $UPRO

Howard Capital Management Inc. bought a new position in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,190,076 shares of the company’s stock, valued at approximately $109,093,000. ProShares UltraPro S&P 500 comprises 1.3% of Howard Capital Management Inc.’s holdings, making the stock its 19th largest holding.

Other institutional investors have also made changes to their positions in the company. Physician Wealth Advisors Inc. raised its position in shares of ProShares UltraPro S&P 500 by 100.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 846 shares of the company’s stock valued at $77,000 after acquiring an additional 424 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in ProShares UltraPro S&P 500 by 30.4% during the first quarter. SBI Securities Co. Ltd. now owns 1,274 shares of the company’s stock valued at $94,000 after purchasing an additional 297 shares during the last quarter. Signaturefd LLC raised its holdings in shares of ProShares UltraPro S&P 500 by 39.8% during the first quarter. Signaturefd LLC now owns 1,453 shares of the company’s stock worth $107,000 after purchasing an additional 414 shares during the period. Farther Finance Advisors LLC lifted its position in shares of ProShares UltraPro S&P 500 by 608.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $186,000 after buying an additional 1,746 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of ProShares UltraPro S&P 500 in the 1st quarter valued at about $219,000.

ProShares UltraPro S&P 500 Stock Up 3.6%

Shares of NYSEARCA:UPRO opened at $119.90 on Tuesday. The company has a market cap of $4.86 billion, a PE ratio of 28.62 and a beta of 3.03. ProShares UltraPro S&P 500 has a fifty-two week low of $45.88 and a fifty-two week high of $120.06. The firm has a 50-day simple moving average of $107.77 and a 200 day simple moving average of $91.90.

ProShares UltraPro S&P 500 Company 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.