LM Advisors LLC cut its stake in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Free Report) by 87.4% in the fourth quarter, HoldingsChannel reports. The fund owned 662 shares of the company’s stock after selling 4,588 shares during the period. LM Advisors LLC’s holdings in ProShares UltraPro S&P 500 were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC bought a new position in shares of ProShares UltraPro S&P 500 during the 4th quarter valued at approximately $28,000. Kestra Advisory Services LLC bought a new position in shares of ProShares UltraPro S&P 500 during the 4th quarter valued at approximately $28,000. Optiver Holding B.V. bought a new position in shares of ProShares UltraPro S&P 500 during the 3rd quarter valued at approximately $37,000. Federation des caisses Desjardins du Quebec grew its stake in shares of ProShares UltraPro S&P 500 by 465.7% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 396 shares of the company’s stock valued at $46,000 after acquiring an additional 326 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of ProShares UltraPro S&P 500 during the 2nd quarter valued at approximately $90,000.
ProShares UltraPro S&P 500 Trading Up 1.5%
Shares of NYSEARCA:UPRO opened at $139.41 on Friday. The stock has a 50 day moving average of $131.21 and a 200 day moving average of $120.03. The company has a market cap of $5.09 billion, a PE ratio of 28.62 and a beta of 3.02. ProShares UltraPro S&P 500 has a 12-month low of $80.82 and a 12-month high of $151.41.
ProShares UltraPro S&P 500 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.
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Want to see what other hedge funds are holding UPRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Free Report).
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