Institute for Wealth Management LLC. lifted its stake in shares of ProShares Ultra MidCap400 (NYSEARCA:MVV) by 187.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,903 shares of the company’s stock after purchasing an additional 24,726 shares during the period. Institute for Wealth Management LLC. owned 1.14% of ProShares Ultra MidCap400 worth $1,622,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in ProShares Ultra MidCap400 in the 4th quarter worth about $209,000. Raymond James & Associates bought a new position in ProShares Ultra MidCap400 in the 4th quarter worth about $223,000. FormulaFolio Investments LLC boosted its stake in ProShares Ultra MidCap400 by 196.6% in the 1st quarter. FormulaFolio Investments LLC now owns 9,282 shares of the company’s stock worth $1,106,000 after purchasing an additional 6,153 shares during the period. Bremer Trust National Association boosted its stake in ProShares Ultra MidCap400 by 200.0% in the 2nd quarter. Bremer Trust National Association now owns 6,330 shares of the company’s stock worth $271,000 after purchasing an additional 4,220 shares during the period. Finally, Creative Planning boosted its stake in ProShares Ultra MidCap400 by 200.0% in the 2nd quarter. Creative Planning now owns 20,727 shares of the company’s stock worth $885,000 after purchasing an additional 13,818 shares during the period.
Shares of NYSEARCA MVV opened at $46.20 on Monday. ProShares Ultra MidCap400 has a 52 week low of $32.69 and a 52 week high of $46.43.
ProShares Ultra MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the S&P MidCap 400 Index (the Index). The Index is a measure of mid-size company United States stock market performance. It is a float-adjusted market capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs).
See Also: Closed-End Mutual Funds (CEFs)
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