ProShares Ultra Technology $ROM Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in shares of ProShares Ultra Technology (NYSEARCA:ROM) by 18.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,472 shares of the company’s stock after selling 9,530 shares during the quarter. Envestnet Asset Management Inc. owned 0.46% of ProShares Ultra Technology worth $3,843,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ROM. PNC Financial Services Group Inc. boosted its stake in shares of ProShares Ultra Technology by 53.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the company’s stock valued at $76,000 after buying an additional 350 shares during the period. Kanawha Capital Management LLC purchased a new stake in shares of ProShares Ultra Technology during the third quarter worth approximately $203,000. Independent Wealth Network Inc. acquired a new stake in ProShares Ultra Technology in the third quarter valued at approximately $209,000. Lido Advisors LLC purchased a new position in ProShares Ultra Technology in the second quarter worth approximately $225,000. Finally, Great Valley Advisor Group Inc. acquired a new position in ProShares Ultra Technology during the 2nd quarter worth approximately $262,000.

ProShares Ultra Technology Trading Up 2.4%

Shares of NYSEARCA:ROM opened at $88.23 on Wednesday. ProShares Ultra Technology has a 52 week low of $36.68 and a 52 week high of $108.12. The company’s 50 day moving average is $93.47 and its two-hundred day moving average is $92.17. The company has a market cap of $787.89 million, a PE ratio of 38.02 and a beta of 2.41.

ProShares Ultra Technology Company Profile

ProShares Ultra Technology (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology industry of the United States equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as 200% of the daily return of the Index.