Variant Private Wealth LLC Takes $6.03 Million Position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Variant Private Wealth LLC bought a new stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 67,973 shares of the company’s stock, valued at approximately $6,025,000. ProShares UltraPro S&P 500 accounts for about 5.7% of Variant Private Wealth LLC’s portfolio, making the stock its 5th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UPRO. PFG Investments LLC increased its stake in ProShares UltraPro S&P 500 by 10.1% in the third quarter. PFG Investments LLC now owns 3,004 shares of the company’s stock valued at $259,000 after acquiring an additional 276 shares during the period. Ellis Investment Partners LLC increased its stake in ProShares UltraPro S&P 500 by 1.5% in the third quarter. Ellis Investment Partners LLC now owns 10,908 shares of the company’s stock valued at $940,000 after acquiring an additional 157 shares during the period. Strategic Blueprint LLC bought a new stake in ProShares UltraPro S&P 500 in the third quarter valued at about $202,000. IMC Chicago LLC bought a new stake in ProShares UltraPro S&P 500 in the third quarter valued at about $83,436,000. Finally, GR Financial Group LLC bought a new stake in ProShares UltraPro S&P 500 in the third quarter valued at about $470,000.

ProShares UltraPro S&P 500 Price Performance

NYSEARCA UPRO opened at $92.95 on Friday. ProShares UltraPro S&P 500 has a twelve month low of $58.74 and a twelve month high of $100.06. The company’s 50-day simple moving average is $93.58 and its 200 day simple moving average is $88.62.

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.