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

Surience Private Wealth LLC bought a new position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,096 shares of the company’s stock, valued at approximately $903,000. ProShares UltraPro S&P 500 accounts for about 0.8% of Surience Private Wealth LLC’s holdings, making the stock its 20th biggest position.

Several other institutional investors have also added to or reduced their stakes in UPRO. Ridgepath Capital Management LLC raised its stake in ProShares UltraPro S&P 500 by 13.4% in the third quarter. Ridgepath Capital Management LLC now owns 207,947 shares of the company’s stock worth $23,184,000 after buying an additional 24,606 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of ProShares UltraPro S&P 500 by 31.1% during the 2nd quarter. Corient Private Wealth LLC now owns 24,907 shares of the company’s stock worth $2,277,000 after acquiring an additional 5,912 shares during the period. Group One Trading LLC bought a new position in shares of ProShares UltraPro S&P 500 in the 2nd quarter worth approximately $1,783,000. Bank of America Corp DE purchased a new position in shares of ProShares UltraPro S&P 500 in the 2nd quarter valued at approximately $90,000. Finally, Spectrum Financial Alliance Ltd LLC boosted its position in shares of ProShares UltraPro S&P 500 by 185.4% during the second quarter. Spectrum Financial Alliance Ltd LLC now owns 83,958 shares of the company’s stock valued at $8,234,000 after purchasing an additional 54,541 shares in the last quarter.

ProShares UltraPro S&P 500 Stock Up 2.6%

Shares of UPRO stock opened at $115.81 on Friday. The business’s fifty day moving average is $114.00 and its 200 day moving average is $103.63. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 28.62 and a beta of 3.03. ProShares UltraPro S&P 500 has a twelve month low of $45.88 and a twelve month high of $122.19.

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.