ProShares UltraPro S&P 500 $UPRO Position Cut by Howard Capital Management Inc.

Howard Capital Management Inc. trimmed its stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 13.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,025,589 shares of the company’s stock after selling 164,487 shares during the quarter. ProShares UltraPro S&P 500 makes up about 1.3% of Howard Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding. Howard Capital Management Inc.’s holdings in ProShares UltraPro S&P 500 were worth $118,722,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Optiver Holding B.V. bought a new stake in ProShares UltraPro S&P 500 in the third quarter valued at $37,000. Bank of America Corp DE bought a new stake in ProShares UltraPro S&P 500 in the second quarter valued at $90,000. Physician Wealth Advisors Inc. raised its stake in shares of ProShares UltraPro S&P 500 by 11.6% during the third quarter. Physician Wealth Advisors Inc. now owns 944 shares of the company’s stock valued at $105,000 after purchasing an additional 98 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of ProShares UltraPro S&P 500 during the third quarter valued at about $202,000. Finally, Segment Wealth Management LLC bought a new stake in shares of ProShares UltraPro S&P 500 during the third quarter valued at about $203,000.

ProShares UltraPro S&P 500 Stock Down 0.3%

Shares of NYSEARCA UPRO opened at $110.01 on Friday. ProShares UltraPro S&P 500 has a fifty-two week low of $52.32 and a fifty-two week high of $122.85. The firm’s 50-day simple moving average is $108.89 and its 200 day simple moving average is $113.05. The stock has a market cap of $4.44 billion, a P/E ratio of 28.62 and a beta of 3.00.

ProShares UltraPro S&P 500 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were paid a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, March 25th.

ProShares UltraPro S&P 500 Profile

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.