MFG Wealth Management Inc. trimmed its holdings in shares of ProShares UltraPro Russell 2000 (NYSEARCA:URTY – Free Report) by 25.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 56,761 shares of the company’s stock after selling 19,212 shares during the period. ProShares UltraPro Russell 2000 makes up approximately 3.5% of MFG Wealth Management Inc.’s portfolio, making the stock its largest holding. MFG Wealth Management Inc.’s holdings in ProShares UltraPro Russell 2000 were worth $4,958,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Simplex Trading LLC grew its stake in shares of ProShares UltraPro Russell 2000 by 287.6% in the 4th quarter. Simplex Trading LLC now owns 1,031 shares of the company’s stock worth $55,000 after buying an additional 765 shares during the last quarter. Group One Trading LLC raised its stake in ProShares UltraPro Russell 2000 by 548.0% during the second quarter. Group One Trading LLC now owns 1,756 shares of the company’s stock valued at $69,000 after buying an additional 1,485 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in ProShares UltraPro Russell 2000 during the fourth quarter valued at $99,000. Kestra Advisory Services LLC boosted its holdings in ProShares UltraPro Russell 2000 by 22.1% in the fourth quarter. Kestra Advisory Services LLC now owns 5,520 shares of the company’s stock worth $294,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in ProShares UltraPro Russell 2000 in the fourth quarter worth $378,000.
ProShares UltraPro Russell 2000 Trading Up 3.3%
NYSEARCA URTY opened at $86.88 on Friday. ProShares UltraPro Russell 2000 has a 12 month low of $40.68 and a 12 month high of $89.39. The stock has a market cap of $351.86 million, a P/E ratio of 16.35 and a beta of 3.31. The stock’s fifty day moving average price is $81.86 and its 200-day moving average price is $70.17.
About ProShares UltraPro Russell 2000
The ProShares UltraPro Russell2000 (URTY) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. URTY was launched on Feb 11, 2010 and is managed by ProShares.
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Want to see what other hedge funds are holding URTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro Russell 2000 (NYSEARCA:URTY – Free Report).
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