O Shaughnessy Asset Management LLC Takes $74,000 Position in ProShares UltraPro Dow30 (NYSEARCA:UDOW)

O Shaughnessy Asset Management LLC bought a new position in shares of ProShares UltraPro Dow30 (NYSEARCA:UDOW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 780 shares of the company’s stock, valued at approximately $74,000.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of ProShares UltraPro Dow30 during the fourth quarter worth approximately $60,000. SBI Securities Co. Ltd. bought a new position in ProShares UltraPro Dow30 in the 4th quarter valued at $94,000. JPMorgan Chase & Co. bought a new position in ProShares UltraPro Dow30 in the 3rd quarter valued at $179,000. Independent Advisor Alliance acquired a new position in ProShares UltraPro Dow30 in the fourth quarter worth $228,000. Finally, Innova Wealth Partners bought a new stake in shares of ProShares UltraPro Dow30 during the fourth quarter worth $534,000.

ProShares UltraPro Dow30 Stock Up 2.6 %

ProShares UltraPro Dow30 stock opened at $76.00 on Tuesday. The stock has a 50-day simple moving average of $90.53 and a 200 day simple moving average of $97.43. The stock has a market capitalization of $554.80 million, a price-to-earnings ratio of 20.78 and a beta of 2.76. ProShares UltraPro Dow30 has a 12-month low of $56.90 and a 12-month high of $113.78.

ProShares UltraPro Dow30 Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a $0.3172 dividend. The ex-dividend date was Wednesday, March 26th. This is an increase from ProShares UltraPro Dow30’s previous dividend of $0.31.

About ProShares UltraPro Dow30

ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index.