Virtu Financial LLC Takes Position in ProShares Ultra Utilities (UPW)
Virtu Financial LLC acquired a new position in shares of ProShares Ultra Utilities (NYSEARCA:UPW) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,686 shares of the company’s stock, valued at approximately $315,000.
Separately, Eqis Capital Management Inc. lifted its stake in shares of ProShares Ultra Utilities by 301.6% during the 4th quarter. Eqis Capital Management Inc. now owns 18,769 shares of the company’s stock worth $883,000 after purchasing an additional 14,096 shares during the last quarter.
Shares of ProShares Ultra Utilities (NYSEARCA:UPW) opened at $41.48 on Wednesday. ProShares Ultra Utilities has a 12 month low of $37.86 and a 12 month high of $54.09.
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ProShares Ultra Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.
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