Envestnet Asset Management Inc. Invests $249,000 in ProShares UltraPro S&P 500 $UPRO

Envestnet Asset Management Inc. bought a new position in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,724 shares of the company’s stock, valued at approximately $249,000.

A number of other large investors also recently bought and sold shares of UPRO. Ellis Investment Partners LLC boosted its position in ProShares UltraPro S&P 500 by 5.1% in the 2nd quarter. Ellis Investment Partners LLC now owns 10,205 shares of the company’s stock worth $933,000 after purchasing an additional 498 shares in the last quarter. Silverleafe Capital Partners LLC lifted its stake in shares of ProShares UltraPro S&P 500 by 85.1% in the 2nd quarter. Silverleafe Capital Partners LLC now owns 5,847 shares of the company’s stock valued at $535,000 after purchasing an additional 2,688 shares during the period. Axxcess Wealth Management LLC boosted its holdings in ProShares UltraPro S&P 500 by 2,778.3% during the second quarter. Axxcess Wealth Management LLC now owns 182,914 shares of the company’s stock worth $16,726,000 after buying an additional 176,559 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in ProShares UltraPro S&P 500 during the first quarter valued at $3,714,000. Finally, Precedent Wealth Partners LLC acquired a new stake in ProShares UltraPro S&P 500 during the second quarter valued at $298,000.

ProShares UltraPro S&P 500 Stock Performance

UPRO opened at $117.13 on Friday. The company has a fifty day moving average of $112.58 and a two-hundred day moving average of $99.83. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 28.62 and a beta of 3.03. ProShares UltraPro S&P 500 has a fifty-two week low of $45.88 and a fifty-two week high of $122.19.

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.