Axxcess Wealth Management LLC Buys New Stake in ProShares Ultra Russell2000 (NYSEARCA:UWM)

Axxcess Wealth Management LLC bought a new position in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM) in the fourth quarter, HoldingsChannel.com reports. The firm bought 30,404 shares of the company’s stock, valued at approximately $1,272,000.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC grew its stake in shares of ProShares Ultra Russell2000 by 62.7% in the third quarter. Larson Financial Group LLC now owns 2,603 shares of the company’s stock worth $112,000 after acquiring an additional 1,003 shares during the last quarter. Arizona PSPRS Trust bought a new stake in ProShares Ultra Russell2000 in the 3rd quarter valued at $215,000. US Bancorp DE acquired a new stake in ProShares Ultra Russell2000 in the 4th quarter worth $224,000. Sigma Planning Corp bought a new position in shares of ProShares Ultra Russell2000 during the 4th quarter worth about $225,000. Finally, Principal Securities Inc. acquired a new position in shares of ProShares Ultra Russell2000 during the fourth quarter valued at about $240,000.

ProShares Ultra Russell2000 Stock Performance

NYSEARCA UWM opened at $35.47 on Friday. ProShares Ultra Russell2000 has a twelve month low of $32.67 and a twelve month high of $51.87. The stock has a market cap of $342.29 million, a PE ratio of 15.04 and a beta of 2.37. The firm has a 50-day simple moving average of $40.61 and a 200 day simple moving average of $42.92.

About ProShares Ultra Russell2000

The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.