EverSource Wealth Advisors LLC acquired a new stake in ProShares Ultra Russell2000 (NYSEARCA:UWM – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 86,694 shares of the company’s stock, valued at approximately $3,628,000.
Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in shares of ProShares Ultra Russell2000 by 62.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,603 shares of the company’s stock worth $112,000 after buying an additional 1,003 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in ProShares Ultra Russell2000 during the 3rd quarter valued at about $147,000. Arizona PSPRS Trust acquired a new position in ProShares Ultra Russell2000 in the 3rd quarter valued at about $215,000. US Bancorp DE acquired a new stake in shares of ProShares Ultra Russell2000 during the fourth quarter worth about $224,000. Finally, Sigma Planning Corp purchased a new position in shares of ProShares Ultra Russell2000 in the fourth quarter valued at approximately $225,000.
ProShares Ultra Russell2000 Stock Performance
Shares of UWM opened at $33.98 on Wednesday. ProShares Ultra Russell2000 has a 1 year low of $33.23 and a 1 year high of $51.87. The stock has a market capitalization of $334.70 million, a PE ratio of 16.43 and a beta of 2.33. The stock has a 50-day simple moving average of $41.68 and a 200-day simple moving average of $43.30.
About ProShares Ultra Russell2000
The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.
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