Tower Research Capital LLC TRC Has $106,000 Stock Position in ProShares Ultra MidCap 400 (NYSEARCA:MVV)

Tower Research Capital LLC TRC cut its holdings in ProShares Ultra MidCap 400 (NYSEARCA:MVV) by 56.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,555 shares of the company’s stock after selling 2,042 shares during the quarter. Tower Research Capital LLC TRC owned 0.07% of ProShares Ultra MidCap 400 worth $106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MVV. Envestnet Asset Management Inc. purchased a new position in ProShares Ultra MidCap 400 during the 4th quarter worth $316,000. Kingsview Wealth Management LLC bought a new position in shares of ProShares Ultra MidCap 400 during the 4th quarter worth $239,000. Finally, Traynor Capital Management Inc. bought a new position in ProShares Ultra MidCap 400 during the fourth quarter worth about $204,000.

ProShares Ultra MidCap 400 Stock Up 2.4 %

Shares of NYSEARCA MVV opened at $58.01 on Friday. The company has a market cap of $129.36 million, a P/E ratio of 17.78 and a beta of 2.15. ProShares Ultra MidCap 400 has a 52 week low of $42.64 and a 52 week high of $81.87. The business has a 50-day simple moving average of $55.50 and a two-hundred day simple moving average of $66.29.

ProShares Ultra MidCap 400 Profile

ProShares Ultra MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the S&P MidCap 400 Index (the Index). The Index is a measure of mid-size company United States stock market performance. It is a float-adjusted market capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs).