Retirement Planning Co of New England Inc. Has $2.65 Million Stock Holdings in ProShares Ultra Semiconductors $USD

Retirement Planning Co of New England Inc. lifted its position in ProShares Ultra Semiconductors (NYSEARCA:USD) by 89.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,465 shares of the company’s stock after buying an additional 23,865 shares during the quarter. ProShares Ultra Semiconductors comprises approximately 1.1% of Retirement Planning Co of New England Inc.’s holdings, making the stock its 20th largest position. Retirement Planning Co of New England Inc. owned 0.16% of ProShares Ultra Semiconductors worth $2,650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of USD. Guerra Advisors Inc acquired a new stake in shares of ProShares Ultra Semiconductors in the third quarter worth $26,000. Whittier Trust Co. lifted its stake in shares of ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Whittier Trust Co. now owns 960 shares of the company’s stock worth $54,000 after buying an additional 480 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of ProShares Ultra Semiconductors in the second quarter worth $61,000. Qube Research & Technologies Ltd acquired a new stake in shares of ProShares Ultra Semiconductors in the third quarter worth $64,000. Finally, Bank of America Corp DE lifted its stake in shares of ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock worth $68,000 after buying an additional 525 shares during the last quarter.

ProShares Ultra Semiconductors Trading Up 5.2%

Shares of ProShares Ultra Semiconductors stock opened at $74.08 on Thursday. The firm has a fifty day simple moving average of $55.96 and a 200-day simple moving average of $54.77. ProShares Ultra Semiconductors has a 1-year low of $16.97 and a 1-year high of $74.17. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 40.05 and a beta of 3.36.

About ProShares Ultra Semiconductors

ProShares Ultra Semiconductors (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Semiconductor 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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.