Turner Capital Investments LLC Acquires New Shares in ProShares UltraPro S&P 500 $UPRO

Turner Capital Investments LLC bought a new stake in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 69,727 shares of the company’s stock, valued at approximately $10,248,000. ProShares UltraPro S&P 500 comprises 9.1% of Turner Capital Investments LLC’s investment portfolio, making the stock its 4th largest holding. Turner Capital Investments LLC owned approximately 0.19% of ProShares UltraPro S&P 500 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Revere Asset Management Inc raised its stake in shares of ProShares UltraPro S&P 500 by 116.3% in the second quarter. Revere Asset Management Inc now owns 393,443 shares of the company’s stock worth $55,786,000 after purchasing an additional 211,506 shares during the last quarter. Spectrum Financial Alliance Ltd LLC increased its holdings in ProShares UltraPro S&P 500 by 3.4% in the 1st quarter. Spectrum Financial Alliance Ltd LLC now owns 129,902 shares of the company’s stock worth $12,598,000 after buying an additional 4,306 shares in the last quarter. IMC Chicago LLC purchased a new position in ProShares UltraPro S&P 500 in the 1st quarter worth about $3,215,000. PNC Financial Services Group Inc. purchased a new position in ProShares UltraPro S&P 500 in the 1st quarter worth about $2,819,000. Finally, Ascentis Independent Advisors lifted its stake in ProShares UltraPro S&P 500 by 96.5% during the 1st quarter. Ascentis Independent Advisors now owns 27,940 shares of the company’s stock valued at $2,710,000 after acquiring an additional 13,718 shares during the period.

ProShares UltraPro S&P 500 Stock Up 1.5%

Shares of NYSEARCA UPRO traded up $2.28 during trading on Friday, reaching $155.41. 1,151,746 shares of the company traded hands, compared to its average volume of 3,183,465. The firm has a 50 day simple moving average of $150.57 and a 200-day simple moving average of $138.22. ProShares UltraPro S&P 500 has a 52-week low of $88.14 and a 52-week high of $158.63. The stock has a market capitalization of $5.58 billion, a PE ratio of 28.62 and a beta of 3.03.

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.