ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Sets New 12-Month High – Should You Buy?

Shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) hit a new 52-week high during trading on Friday . The stock traded as high as $123.94 and last traded at $124.6570, with a volume of 781762 shares traded. The stock had previously closed at $120.96.

ProShares UltraPro S&P 500 Trading Up 3.5%

The company has a market cap of $5.00 billion, a price-to-earnings ratio of 28.62 and a beta of 3.00. The firm’s 50-day moving average price is $109.10 and its 200 day moving average price is $113.41.

ProShares UltraPro S&P 500 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were given a dividend of $0.2225 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.89 annualized dividend and a dividend yield of 0.7%.

Institutional Trading of ProShares UltraPro S&P 500

Several large investors have recently modified their holdings of UPRO. O Shaughnessy Asset Management LLC acquired a new stake in shares of ProShares UltraPro S&P 500 during the 4th quarter worth approximately $28,000. Kestra Advisory Services LLC acquired a new stake in ProShares UltraPro S&P 500 in the 4th quarter valued at $28,000. Optiver Holding B.V. acquired a new stake in ProShares UltraPro S&P 500 in the 3rd quarter valued at $37,000. Federation des caisses Desjardins du Quebec grew its position in ProShares UltraPro S&P 500 by 465.7% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 396 shares of the company’s stock valued at $46,000 after purchasing an additional 326 shares during the period. Finally, Bank of America Corp DE acquired a new stake in ProShares UltraPro S&P 500 in the 2nd quarter valued at $90,000.

ProShares UltraPro S&P 500 Company Profile

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.