Northwestern Mutual Wealth Management Co. Acquires 38,462 Shares of ProShares Ultra Dow30 $DDM

Northwestern Mutual Wealth Management Co. increased its holdings in shares of ProShares Ultra Dow30 (NYSEARCA:DDM) by 10,339.2% during the 4th quarter, HoldingsChannel reports. The fund owned 38,834 shares of the company’s stock after buying an additional 38,462 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ProShares Ultra Dow30 were worth $2,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DDM. Global View Capital Management LLC lifted its stake in shares of ProShares Ultra Dow30 by 271.1% in the fourth quarter. Global View Capital Management LLC now owns 566,105 shares of the company’s stock worth $32,189,000 after buying an additional 413,552 shares in the last quarter. GenWealth Group Inc. lifted its stake in shares of ProShares Ultra Dow30 by 105.8% in the fourth quarter. GenWealth Group Inc. now owns 159,954 shares of the company’s stock worth $9,620,000 after buying an additional 82,230 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of ProShares Ultra Dow30 by 32,044.8% in the second quarter. Tower Research Capital LLC TRC now owns 33,752 shares of the company’s stock worth $3,309,000 after buying an additional 33,647 shares in the last quarter. Capital Investment Counsel Inc lifted its stake in shares of ProShares Ultra Dow30 by 100.0% in the fourth quarter. Capital Investment Counsel Inc now owns 66,050 shares of the company’s stock worth $3,756,000 after buying an additional 33,025 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its stake in shares of ProShares Ultra Dow30 by 101.0% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 30,188 shares of the company’s stock worth $1,716,000 after buying an additional 15,170 shares in the last quarter.

ProShares Ultra Dow30 Stock Performance

Shares of NYSEARCA DDM opened at $61.36 on Wednesday. The firm’s 50 day moving average price is $56.48 and its 200-day moving average price is $57.24. The company has a market cap of $546.10 million, a PE ratio of 20.98 and a beta of 1.74. ProShares Ultra Dow30 has a 52-week low of $44.40 and a 52-week high of $62.35.

ProShares Ultra Dow30 Profile

The ProShares Ultra Dow30 (DDM) is an exchange-traded fund that is based on the Dow Jones Industrial Average index. The fund provides 2x leveraged exposure to the price-weighted Dow Jones Industrial Average, which includes 30 of the largest and most stable US companies. DDM was launched on Jun 19, 2006 and is managed by ProShares.