IFP Advisors Inc Has $80,000 Stock Position in ProShares Ultra Technology (NYSEARCA:ROM)

IFP Advisors Inc lifted its stake in ProShares Ultra Technology (NYSEARCA:ROM) by 66.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,500 shares of the company’s stock after buying an additional 600 shares during the period. IFP Advisors Inc’s holdings in ProShares Ultra Technology were worth $80,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in ProShares Ultra Technology by 253.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 35,589 shares of the company’s stock valued at $2,482,000 after purchasing an additional 25,526 shares in the last quarter. Jane Street Group LLC acquired a new stake in ProShares Ultra Technology during the 4th quarter valued at $620,000. Freedom Investment Management Inc. acquired a new stake in ProShares Ultra Technology during the 4th quarter valued at $412,000. Tyche Wealth Partners LLC increased its holdings in ProShares Ultra Technology by 17.0% during the 1st quarter. Tyche Wealth Partners LLC now owns 38,722 shares of the company’s stock valued at $2,069,000 after purchasing an additional 5,634 shares in the last quarter. Finally, Discipline Wealth Solutions LLC acquired a new stake in ProShares Ultra Technology during the 4th quarter valued at $301,000.

ProShares Ultra Technology Price Performance

ROM stock opened at $82.72 on Thursday. The business has a fifty day moving average price of $72.98 and a 200 day moving average price of $64.46. ProShares Ultra Technology has a fifty-two week low of $36.68 and a fifty-two week high of $84.27. The stock has a market capitalization of $796.18 million, a price-to-earnings ratio of 38.02 and a beta of 2.37.

ProShares Ultra Technology Profile

ProShares Ultra Technology (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology industry of the United States equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services.