CIBC Private Wealth Group LLC Sells 299 Shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

CIBC Private Wealth Group LLC decreased its stake in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,520 shares of the company’s stock after selling 299 shares during the period. CIBC Private Wealth Group LLC’s holdings in ProShares UltraPro S&P 500 were worth $137,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Variant Private Wealth LLC purchased a new stake in ProShares UltraPro S&P 500 in the fourth quarter worth about $6,025,000. Simplex Trading LLC bought a new position in shares of ProShares UltraPro S&P 500 in the 4th quarter worth approximately $5,485,000. JPMorgan Chase & Co. lifted its stake in shares of ProShares UltraPro S&P 500 by 24.1% in the 4th quarter. JPMorgan Chase & Co. now owns 41,932 shares of the company’s stock valued at $3,717,000 after purchasing an additional 8,133 shares during the period. Millington Financial Advisors LLC boosted its position in shares of ProShares UltraPro S&P 500 by 1.1% during the fourth quarter. Millington Financial Advisors LLC now owns 32,149 shares of the company’s stock valued at $2,977,000 after purchasing an additional 338 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in ProShares UltraPro S&P 500 in the fourth quarter worth $922,000.

ProShares UltraPro S&P 500 Trading Down 1.4 %

UPRO opened at $53.05 on Tuesday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 21.87 and a beta of 3.03. The stock has a fifty day simple moving average of $84.43 and a two-hundred day simple moving average of $88.77. ProShares UltraPro S&P 500 has a 12-month low of $45.88 and a 12-month high of $100.06.

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.