ProShares Ultra Technology (NYSEARCA:ROM) Shares Sold by Dale Q Rice Investment Management Ltd

Dale Q Rice Investment Management Ltd lowered its stake in ProShares Ultra Technology (NYSEARCA:ROM) by 27.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,331 shares of the company’s stock after selling 8,087 shares during the period. ProShares Ultra Technology makes up about 0.6% of Dale Q Rice Investment Management Ltd’s investment portfolio, making the stock its 27th largest holding. Dale Q Rice Investment Management Ltd’s holdings in ProShares Ultra Technology were worth $1,140,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of ProShares Ultra Technology in the fourth quarter valued at $620,000. PNC Financial Services Group Inc. bought a new position in shares of ProShares Ultra Technology in the fourth quarter valued at $45,000. Discipline Wealth Solutions LLC bought a new position in shares of ProShares Ultra Technology in the fourth quarter valued at $301,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of ProShares Ultra Technology in the fourth quarter valued at $225,000. Finally, Envestnet Asset Management Inc. raised its stake in ProShares Ultra Technology by 253.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 35,589 shares of the company’s stock valued at $2,482,000 after purchasing an additional 25,526 shares during the period.

ProShares Ultra Technology Stock Down 1.0%

ROM opened at $68.69 on Friday. The stock has a fifty day moving average of $60.09 and a 200-day moving average of $63.37. The firm has a market capitalization of $680.72 million, a P/E ratio of 38.02 and a beta of 2.43. ProShares Ultra Technology has a 12-month low of $36.68 and a 12-month high of $77.46.

ProShares Ultra Technology Profile

ProShares Ultra Technology (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology industry of the United States equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services.