Client First Investment Management LLC Purchases Shares of 8,954 ProShares Ultra Communication Services (NYSEARCA:LTL)

Client First Investment Management LLC acquired a new position in shares of ProShares Ultra Communication Services (NYSEARCA:LTL) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 8,954 shares of the exchange traded fund’s stock, valued at approximately $747,000. ProShares Ultra Communication Services comprises 0.5% of Client First Investment Management LLC’s portfolio, making the stock its 17th largest position. Client First Investment Management LLC owned about 0.11% of ProShares Ultra Communication Services as of its most recent SEC filing.

Separately, Rovin Capital UT ADV increased its holdings in ProShares Ultra Communication Services by 34.8% during the 3rd quarter. Rovin Capital UT ADV now owns 4,666 shares of the exchange traded fund’s stock worth $346,000 after purchasing an additional 1,205 shares during the period.

ProShares Ultra Communication Services Stock Up 1.7 %

LTL stock opened at $84.30 on Friday. The business’s 50-day moving average is $86.05 and its two-hundred day moving average is $75.88. ProShares Ultra Communication Services has a 1 year low of $52.21 and a 1 year high of $94.03.

About ProShares Ultra Communication Services

ProShares Ultra Telecommunications (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Select Telecommunications Index (the Index). The Dow Jones U.S. Technology Index measures providers of fixed-line and mobile telephone services. Fixed-line includes regional and long-distance carriers.