Truist Financial Corp Buys New Shares in ProShares Ultra Russell 2000 $UWM

Truist Financial Corp bought a new stake in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,898 shares of the company’s stock, valued at approximately $222,000. Truist Financial Corp owned about 0.07% of ProShares Ultra Russell 2000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Capital Investment Advisory Services LLC lifted its position in ProShares Ultra Russell 2000 by 19.4% during the 1st quarter. Capital Investment Advisory Services LLC now owns 4,300 shares of the company’s stock valued at $144,000 after acquiring an additional 700 shares during the period. HHM Wealth Advisors LLC bought a new stake in ProShares Ultra Russell 2000 during the first quarter valued at approximately $47,000. Northwestern Mutual Wealth Management Co. grew its position in ProShares Ultra Russell 2000 by 924.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,049 shares of the company’s stock valued at $69,000 after buying an additional 1,849 shares during the period. WealthBridge Capital Management LLC boosted its position in shares of ProShares Ultra Russell 2000 by 11.7% in the first quarter. WealthBridge Capital Management LLC now owns 20,395 shares of the company’s stock worth $682,000 after purchasing an additional 2,133 shares during the period. Finally, Kestra Advisory Services LLC boosted its position in shares of ProShares Ultra Russell 2000 by 4.8% in the first quarter. Kestra Advisory Services LLC now owns 75,245 shares of the company’s stock worth $2,516,000 after purchasing an additional 3,451 shares during the period.

ProShares Ultra Russell 2000 Stock Performance

UWM stock opened at $46.63 on Friday. ProShares Ultra Russell 2000 has a one year low of $24.47 and a one year high of $51.87. The company’s fifty day moving average price is $45.03 and its 200-day moving average price is $38.46. The company has a market capitalization of $251.80 million, a PE ratio of 13.49 and a beta of 2.30.

ProShares Ultra Russell 2000 Company 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.