B. Riley Wealth Advisors Inc. Takes $608,000 Position in ProShares Ultra Russell 2000 $UWM

B. Riley Wealth Advisors Inc. bought a new stake in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,135 shares of the company’s stock, valued at approximately $608,000. B. Riley Wealth Advisors Inc. owned about 0.19% of ProShares Ultra Russell 2000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ProShares Ultra Russell 2000 by 924.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,049 shares of the company’s stock worth $69,000 after purchasing an additional 1,849 shares during the period. Truist Financial Corp bought a new stake in ProShares Ultra Russell 2000 in the second quarter worth about $222,000. Flow Traders U.S. LLC purchased a new stake in ProShares Ultra Russell 2000 in the second quarter worth $263,000. Financial Management Network Inc. bought a new stake in ProShares Ultra Russell 2000 during the 2nd quarter valued at about $283,000. Finally, Cassaday & Co Wealth Management LLC raised its stake in shares of ProShares Ultra Russell 2000 by 3.9% during the second quarter. Cassaday & Co Wealth Management LLC now owns 9,288 shares of the company’s stock valued at $350,000 after acquiring an additional 347 shares in the last quarter.

ProShares Ultra Russell 2000 Stock Performance

Shares of UWM opened at $48.75 on Wednesday. The stock has a market capitalization of $255.94 million, a PE ratio of 13.49 and a beta of 2.27. The company has a 50 day moving average price of $47.06 and a 200-day moving average price of $43.19. ProShares Ultra Russell 2000 has a fifty-two week low of $24.47 and a fifty-two week high of $51.74.

About ProShares Ultra Russell 2000

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.