ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Shares Sold by Ellis Investment Partners LLC

Ellis Investment Partners LLC reduced its stake in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,751 shares of the company’s stock after selling 800 shares during the period. Ellis Investment Partners LLC’s holdings in ProShares UltraPro S&P 500 were worth $826,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPRO. Mark Sheptoff Financial Planning LLC purchased a new position in ProShares UltraPro S&P 500 in the 4th quarter valued at about $25,000. ORG Partners LLC acquired a new position in shares of ProShares UltraPro S&P 500 in the second quarter valued at approximately $84,000. Hantz Financial Services Inc. purchased a new position in shares of ProShares UltraPro S&P 500 during the second quarter valued at approximately $93,000. PNC Financial Services Group Inc. purchased a new position in shares of ProShares UltraPro S&P 500 during the fourth quarter valued at approximately $103,000. Finally, Nicholas Hoffman & Company LLC. acquired a new stake in ProShares UltraPro S&P 500 during the second quarter worth approximately $206,000.

ProShares UltraPro S&P 500 Stock Down 5.1 %

UPRO stock traded down $3.89 during midday trading on Friday, hitting $72.12. The stock had a trading volume of 7,081,836 shares, compared to its average volume of 5,632,940. ProShares UltraPro S&P 500 has a 12-month low of $35.57 and a 12-month high of $85.48. The company’s 50-day moving average price is $77.61 and its 200 day moving average price is $71.85.

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.