JPMorgan Chase & Co. Has $2.39 Million Stock Holdings in ProShares UltraPro S&P 500 $UPRO

JPMorgan Chase & Co. cut its position in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 33.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,405 shares of the company’s stock after selling 10,712 shares during the period. JPMorgan Chase & Co.’s holdings in ProShares UltraPro S&P 500 were worth $2,386,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in ProShares UltraPro S&P 500 by 142.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 22,613 shares of the company’s stock valued at $2,521,000 after buying an additional 13,288 shares during the last quarter. Encompass More Asset Management grew its stake in ProShares UltraPro S&P 500 by 190.6% in the 3rd quarter. Encompass More Asset Management now owns 33,061 shares of the company’s stock valued at $3,686,000 after buying an additional 21,686 shares during the last quarter. Diversified Trust Co acquired a new position in ProShares UltraPro S&P 500 in the 3rd quarter valued at about $5,574,000. Surience Private Wealth LLC acquired a new position in ProShares UltraPro S&P 500 in the 3rd quarter valued at about $903,000. Finally, Ridgepath Capital Management LLC grew its stake in ProShares UltraPro S&P 500 by 13.4% in the 3rd quarter. Ridgepath Capital Management LLC now owns 207,947 shares of the company’s stock valued at $23,184,000 after buying an additional 24,606 shares during the last quarter.

ProShares UltraPro S&P 500 Stock Performance

Shares of UPRO opened at $100.74 on Tuesday. ProShares UltraPro S&P 500 has a 52 week low of $45.88 and a 52 week high of $122.85. The firm has a market cap of $4.09 billion, a P/E ratio of 28.62 and a beta of 3.03. The firm’s 50-day simple moving average is $109.97 and its 200 day simple moving average is $113.19.

ProShares UltraPro S&P 500 Cuts Dividend

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

ProShares UltraPro S&P 500 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.