Innova Wealth Partners Purchases Shares of 4,087 ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Innova Wealth Partners acquired a new position in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,087 shares of the company’s stock, valued at approximately $362,000.

Other hedge funds have also made changes to their positions in the company. PFG Investments LLC purchased a new position in ProShares UltraPro S&P 500 during the second quarter worth about $210,000. Choreo LLC purchased a new position in shares of ProShares UltraPro S&P 500 during the 2nd quarter worth about $235,000. Menard Financial Group LLC purchased a new position in shares of ProShares UltraPro S&P 500 during the 2nd quarter worth about $571,000. Renaissance Technologies LLC acquired a new stake in shares of ProShares UltraPro S&P 500 in the second quarter worth approximately $2,082,000. Finally, Edgestream Partners L.P. purchased a new stake in ProShares UltraPro S&P 500 in the second quarter valued at approximately $565,000.

ProShares UltraPro S&P 500 Stock Down 3.3 %

Shares of UPRO stock opened at $89.60 on Wednesday. ProShares UltraPro S&P 500 has a one year low of $52.20 and a one year high of $100.06. The company has a 50 day moving average price of $93.30 and a 200 day moving average price of $85.05.

ProShares UltraPro S&P 500 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.