Schwallier Wealth Management LLC Acquires New Position in ProShares Ultra Dow30 $DDM

Schwallier Wealth Management LLC bought a new position in shares of ProShares Ultra Dow30 (NYSEARCA:DDM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,824 shares of the company’s stock, valued at approximately $407,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of ProShares Ultra Dow30 by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 500 shares of the company’s stock worth $28,000 after acquiring an additional 250 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in ProShares Ultra Dow30 in the third quarter valued at $44,000. WealthShield Partners LLC grew its stake in ProShares Ultra Dow30 by 100.0% during the 4th quarter. WealthShield Partners LLC now owns 1,404 shares of the company’s stock worth $80,000 after purchasing an additional 702 shares in the last quarter. Bogart Wealth LLC acquired a new position in ProShares Ultra Dow30 during the 1st quarter worth $37,000. Finally, Koshinski Asset Management Inc. increased its holdings in ProShares Ultra Dow30 by 3.2% during the 1st quarter. Koshinski Asset Management Inc. now owns 27,599 shares of the company’s stock worth $1,437,000 after purchasing an additional 856 shares during the period.

ProShares Ultra Dow30 Stock Performance

Shares of ProShares Ultra Dow30 stock opened at $66.25 on Thursday. The business has a 50-day simple moving average of $63.06 and a 200-day simple moving average of $59.33. ProShares Ultra Dow30 has a one year low of $47.15 and a one year high of $68.00. The company has a market cap of $546.56 million, a PE ratio of 20.98 and a beta of 1.73.

ProShares Ultra Dow30 Company Profile

The ProShares Ultra Dow30 (DDM) is an exchange-traded fund that is based on the Dow Jones Industrial Average index. The fund provides 2x leveraged exposure to the price-weighted Dow Jones Industrial Average, which includes 30 of the largest and most stable US companies. DDM was launched on Jun 19, 2006 and is managed by ProShares.