BXM Wealth LLC Takes $23.34 Million Position in ProShares UltraPro S&P 500 $UPRO

BXM Wealth LLC purchased a new stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 201,623 shares of the company’s stock, valued at approximately $23,340,000. ProShares UltraPro S&P 500 comprises 2.3% of BXM Wealth LLC’s portfolio, making the stock its 12th largest holding. BXM Wealth LLC owned 0.50% of ProShares UltraPro S&P 500 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Optiver Holding B.V. acquired a new position in ProShares UltraPro S&P 500 during the 3rd quarter valued at about $37,000. Bank of America Corp DE acquired a new stake in shares of ProShares UltraPro S&P 500 during the 2nd quarter worth approximately $90,000. Physician Wealth Advisors Inc. grew its position in shares of ProShares UltraPro S&P 500 by 11.6% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 944 shares of the company’s stock worth $105,000 after buying an additional 98 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of ProShares UltraPro S&P 500 during the third quarter worth approximately $202,000. Finally, Segment Wealth Management LLC bought a new stake in shares of ProShares UltraPro S&P 500 during the third quarter worth approximately $203,000.

ProShares UltraPro S&P 500 Price Performance

Shares of NYSEARCA UPRO opened at $99.38 on Monday. ProShares UltraPro S&P 500 has a fifty-two week low of $45.88 and a fifty-two week high of $122.85. The firm has a market capitalization of $4.03 billion, a P/E ratio of 28.62 and a beta of 3.03. The company’s 50 day simple moving average is $110.36 and its 200 day simple moving average is $113.25.

ProShares UltraPro S&P 500 Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a $0.2225 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.9%.

About ProShares UltraPro S&P 500

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.