WealthCare Asset Management LLC purchased a new position in ProShares Ultra Consumer Discretionary (NYSEARCA:UCC – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 46,784 shares of the company’s stock, valued at approximately $2,545,000. ProShares Ultra Consumer Discretionary accounts for approximately 1.7% of WealthCare Asset Management LLC’s investment portfolio, making the stock its 13th largest position. WealthCare Asset Management LLC owned 16.71% of ProShares Ultra Consumer Discretionary as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Osaic Holdings Inc. acquired a new position in shares of ProShares Ultra Consumer Discretionary in the 2nd quarter worth approximately $631,000. Citadel Advisors LLC acquired a new position in shares of ProShares Ultra Consumer Discretionary in the 3rd quarter worth approximately $209,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of ProShares Ultra Consumer Discretionary in the 3rd quarter worth approximately $87,000.
ProShares Ultra Consumer Discretionary Stock Performance
Shares of NYSEARCA UCC opened at $49.25 on Wednesday. The company has a market capitalization of $13.79 million, a P/E ratio of 29.58 and a beta of 2.22. ProShares Ultra Consumer Discretionary has a 52-week low of $39.96 and a 52-week high of $56.96. The company’s 50 day moving average price is $48.64 and its 200-day moving average price is $49.74.
ProShares Ultra Consumer Discretionary Company Profile
ProShares Ultra Consumer Services (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones United States Consumer Goods Index. The Dow Jones United States Consumer Goods Index measures the performance of consumer spending in the goods industry of the United States equity market. Component companies include automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing accessories and footwear.
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