JPMorgan Chase & Co. Boosts Stock Position in ProShares Ultra Semiconductors $USD

JPMorgan Chase & Co. increased its stake in shares of ProShares Ultra Semiconductors (NYSEARCA:USD) by 325.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,844 shares of the company’s stock after purchasing an additional 13,645 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.06% of ProShares Ultra Semiconductors worth $1,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USD. Guerra Advisors Inc purchased a new stake in ProShares Ultra Semiconductors during the 3rd quarter worth about $26,000. Franklin Resources Inc. purchased a new stake in ProShares Ultra Semiconductors during the 2nd quarter worth about $61,000. Qube Research & Technologies Ltd purchased a new stake in ProShares Ultra Semiconductors during the 3rd quarter worth about $64,000. Bank of America Corp DE increased its position in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock worth $68,000 after purchasing an additional 525 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in ProShares Ultra Semiconductors during the 2nd quarter worth about $83,000.

ProShares Ultra Semiconductors Trading Up 3.0%

ProShares Ultra Semiconductors stock opened at $52.52 on Wednesday. The stock has a market cap of $1.59 billion, a PE ratio of 40.05 and a beta of 3.31. The stock has a 50-day moving average price of $53.77 and a 200 day moving average price of $53.45. ProShares Ultra Semiconductors has a 52 week low of $14.42 and a 52 week high of $64.89.

ProShares Ultra Semiconductors Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.0587 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.23 annualized dividend and a yield of 0.4%.

About ProShares Ultra Semiconductors

ProShares Ultra Semiconductors (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Semiconductor Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.