JPMorgan Chase & Co. Cuts Position in ProShares Ultra Russell 2000 (NYSEARCA:UWM)

JPMorgan Chase & Co. decreased its position in ProShares Ultra Russell 2000 (NYSEARCA:UWM) by 40.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,100 shares of the company’s stock after selling 2,100 shares during the quarter. JPMorgan Chase & Co. owned 0.06% of ProShares Ultra Russell 2000 worth $130,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC acquired a new stake in shares of ProShares Ultra Russell 2000 in the 4th quarter valued at $15,290,000. Envestnet Portfolio Solutions Inc. purchased a new position in ProShares Ultra Russell 2000 in the fourth quarter valued at $13,371,000. Park Avenue Securities LLC acquired a new stake in ProShares Ultra Russell 2000 in the fourth quarter valued at $8,240,000. Atria Investments Inc purchased a new stake in ProShares Ultra Russell 2000 during the 4th quarter worth about $4,483,000. Finally, Simplicity Wealth LLC purchased a new position in shares of ProShares Ultra Russell 2000 in the 4th quarter valued at about $3,790,000.

ProShares Ultra Russell 2000 Stock Down 1.4 %

UWM stock opened at $32.34 on Tuesday. The business has a 50 day moving average price of $32.26 and a 200 day moving average price of $40.29. The stock has a market cap of $307.23 million, a price-to-earnings ratio of 14.26 and a beta of 2.22. ProShares Ultra Russell 2000 has a fifty-two week low of $24.47 and a fifty-two week high of $51.87.

ProShares Ultra Russell 2000 Profile

The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.