14,513 Shares in ProShares Ultra Russell 2000 $UWM Acquired by Independent Financial Group LLC

Independent Financial Group LLC bought a new stake in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,513 shares of the company’s stock, valued at approximately $677,000. Independent Financial Group LLC owned about 0.34% of ProShares Ultra Russell 2000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Federation des caisses Desjardins du Quebec acquired a new position in shares of ProShares Ultra Russell 2000 during the fourth quarter worth $47,000. Bogart Wealth LLC acquired a new stake in shares of ProShares Ultra Russell 2000 in the 1st quarter worth $47,000. Bank of America Corp DE acquired a new stake in shares of ProShares Ultra Russell 2000 in the 3rd quarter worth $120,000. HRT Financial LP acquired a new stake in shares of ProShares Ultra Russell 2000 in the 4th quarter worth $271,000. Finally, Kestra Advisory Services LLC purchased a new position in ProShares Ultra Russell 2000 during the 4th quarter worth $317,000.

ProShares Ultra Russell 2000 Price Performance

Shares of NYSEARCA:UWM opened at $64.11 on Thursday. The business’s 50-day moving average is $63.42 and its 200 day moving average is $56.40. ProShares Ultra Russell 2000 has a 1 year low of $36.18 and a 1 year high of $68.32. The firm has a market capitalization of $259.65 million, a P/E ratio of 13.49 and a beta of 2.20.

About ProShares Ultra Russell 2000

The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.