Surience Private Wealth LLC Acquires New Position in ProShares UltraPro S&P 500 $UPRO

Surience Private Wealth LLC bought a new stake in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,131 shares of the company’s stock, valued at approximately $901,000. ProShares UltraPro S&P 500 accounts for about 0.9% of Surience Private Wealth LLC’s investment portfolio, making the stock its 28th largest position.

Several other large investors have also recently made changes to their positions in UPRO. Revere Asset Management Inc raised its position in shares of ProShares UltraPro S&P 500 by 116.3% in the 2nd quarter. Revere Asset Management Inc now owns 393,443 shares of the company’s stock valued at $55,786,000 after purchasing an additional 211,506 shares during the last quarter. IMC Chicago LLC purchased a new stake in shares of ProShares UltraPro S&P 500 in the first quarter worth about $3,215,000. Independent Financial Group LLC purchased a new stake in ProShares UltraPro S&P 500 in the 1st quarter worth approximately $1,962,000. Turner Capital Investments LLC acquired a new stake in ProShares UltraPro S&P 500 during the third quarter valued at $10,248,000. Finally, Calamos Advisors LLC purchased a new position in shares of ProShares UltraPro S&P 500 in the 1st quarter valued at about $442,000.

ProShares UltraPro S&P 500 Trading Down 3.4%

UPRO traded down $5.09 during midday trading on Friday, hitting $146.43. 2,592,139 shares of the company traded hands, compared to its average volume of 3,158,815. ProShares UltraPro S&P 500 has a 52-week low of $88.14 and a 52-week high of $158.63. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 28.62 and a beta of 3.03. The business has a 50 day simple moving average of $150.84 and a two-hundred day simple moving average of $140.25.

About ProShares UltraPro S&P 500

The ProShares UltraPro S&P500 (UPRO) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 3x leveraged daily exposure to a market cap-weighted index of large-cap and mid-cap US companies selected by the S&P Committee. UPRO was launched on Jun 25, 2009 and is managed by ProShares.