Hickory Point Bank & Trust Acquires New Shares in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Hickory Point Bank & Trust bought a new position in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,950 shares of the company’s stock, valued at approximately $439,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in shares of ProShares UltraPro S&P 500 in the 3rd quarter valued at approximately $15,552,000. Variant Private Wealth LLC bought a new stake in ProShares UltraPro S&P 500 in the fourth quarter valued at approximately $6,025,000. Flow Traders U.S. LLC raised its holdings in ProShares UltraPro S&P 500 by 320.6% in the third quarter. Flow Traders U.S. LLC now owns 83,915 shares of the company’s stock worth $7,233,000 after purchasing an additional 63,966 shares during the period. JPMorgan Chase & Co. boosted its position in shares of ProShares UltraPro S&P 500 by 103.3% during the third quarter. JPMorgan Chase & Co. now owns 33,799 shares of the company’s stock worth $2,913,000 after purchasing an additional 17,170 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new position in shares of ProShares UltraPro S&P 500 during the third quarter worth $1,140,000.

ProShares UltraPro S&P 500 Stock Up 4.5 %

Shares of NYSEARCA UPRO opened at $89.85 on Friday. The company’s fifty day moving average is $93.24 and its 200-day moving average is $89.47. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 26.27 and a beta of 3.10. ProShares UltraPro S&P 500 has a twelve month low of $58.74 and a twelve month high of $100.06.

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.