Axxcess Wealth Management LLC Cuts Position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Axxcess Wealth Management LLC lessened its stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 92.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,183 shares of the company’s stock after selling 101,304 shares during the quarter. Axxcess Wealth Management LLC’s holdings in ProShares UltraPro S&P 500 were worth $577,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UPRO. Mark Sheptoff Financial Planning LLC purchased a new position in shares of ProShares UltraPro S&P 500 in the 4th quarter valued at about $25,000. PNC Financial Services Group Inc. purchased a new position in ProShares UltraPro S&P 500 during the 4th quarter valued at about $103,000. Turtle Creek Wealth Advisors LLC purchased a new position in ProShares UltraPro S&P 500 during the 4th quarter valued at about $111,000. CENTRAL TRUST Co purchased a new position in ProShares UltraPro S&P 500 during the 4th quarter valued at about $111,000. Finally, Capital Investment Counsel Inc increased its holdings in ProShares UltraPro S&P 500 by 440.0% during the 4th quarter. Capital Investment Counsel Inc now owns 2,700 shares of the company’s stock valued at $148,000 after acquiring an additional 2,200 shares in the last quarter.

ProShares UltraPro S&P 500 Stock Performance

NYSEARCA:UPRO traded up $2.42 during mid-day trading on Friday, hitting $75.84. 5,798,001 shares of the company’s stock traded hands, compared to its average volume of 5,680,490. The firm’s 50 day simple moving average is $76.39 and its 200 day simple moving average is $68.14. ProShares UltraPro S&P 500 has a 1 year low of $35.57 and a 1 year high of $85.48.

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.