PNC Financial Services Group Inc. Buys New Stake in ProShares UltraPro S&P 500 $UPRO

PNC Financial Services Group Inc. purchased a new position in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 29,066 shares of the company’s stock, valued at approximately $2,819,000. PNC Financial Services Group Inc. owned 0.08% of ProShares UltraPro S&P 500 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. O Shaughnessy Asset Management LLC bought a new stake in shares of ProShares UltraPro S&P 500 during the fourth quarter valued at about $28,000. Kestra Advisory Services LLC bought a new position in ProShares UltraPro S&P 500 in the 4th quarter valued at about $28,000. Federation des caisses Desjardins du Quebec grew its position in ProShares UltraPro S&P 500 by 465.7% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 396 shares of the company’s stock valued at $46,000 after buying an additional 326 shares in the last quarter. Bank of America Corp DE acquired a new position in ProShares UltraPro S&P 500 during the 2nd quarter valued at about $90,000. Finally, EFG International AG acquired a new position in ProShares UltraPro S&P 500 during the 4th quarter valued at about $110,000.

ProShares UltraPro S&P 500 Trading Up 0.7%

UPRO stock opened at $137.30 on Wednesday. ProShares UltraPro S&P 500 has a 52 week low of $88.14 and a 52 week high of $151.41. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 28.62 and a beta of 3.02. The firm’s 50-day moving average is $141.50 and its two-hundred day moving average is $125.42.

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.