Simplicity Wealth LLC Has $372,000 Stock Position in ProShares Ultra Russell 2000 $UWM

Simplicity Wealth LLC reduced its position in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) by 93.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,018 shares of the company’s stock after selling 110,592 shares during the period. Simplicity Wealth LLC owned 0.15% of ProShares Ultra Russell 2000 worth $372,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of UWM. Truist Financial Corp bought a new stake in ProShares Ultra Russell 2000 during the second quarter valued at about $222,000. Axxcess Wealth Management LLC lifted its position in shares of ProShares Ultra Russell 2000 by 31.7% during the 2nd quarter. Axxcess Wealth Management LLC now owns 24,386 shares of the company’s stock worth $919,000 after purchasing an additional 5,873 shares during the last quarter. GWN Securities Inc. boosted its stake in ProShares Ultra Russell 2000 by 102.3% during the 2nd quarter. GWN Securities Inc. now owns 26,466 shares of the company’s stock valued at $997,000 after purchasing an additional 13,386 shares during the period. Atria Investments Inc grew its holdings in ProShares Ultra Russell 2000 by 14.3% in the 2nd quarter. Atria Investments Inc now owns 119,768 shares of the company’s stock valued at $4,512,000 after buying an additional 15,017 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its position in ProShares Ultra Russell 2000 by 3.9% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 9,288 shares of the company’s stock worth $350,000 after buying an additional 347 shares during the period.

ProShares Ultra Russell 2000 Stock Down 3.7%

Shares of UWM stock opened at $54.14 on Monday. ProShares Ultra Russell 2000 has a 12 month low of $24.47 and a 12 month high of $56.97. The firm has a market cap of $300.48 million, a PE ratio of 13.49 and a beta of 2.27. The stock has a 50 day moving average of $49.28 and a 200-day moving average of $45.95.

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.