Axxcess Wealth Management LLC Has $4.42 Million Position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Axxcess Wealth Management LLC grew its holdings in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 603.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,540 shares of the company’s stock after buying an additional 49,357 shares during the quarter. Axxcess Wealth Management LLC’s holdings in ProShares UltraPro S&P 500 were worth $4,421,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC bought a new position in shares of ProShares UltraPro S&P 500 in the fourth quarter valued at $25,000. ORG Partners LLC acquired a new stake in ProShares UltraPro S&P 500 in the second quarter valued at $84,000. Hantz Financial Services Inc. bought a new position in shares of ProShares UltraPro S&P 500 in the 2nd quarter valued at about $93,000. PNC Financial Services Group Inc. acquired a new position in shares of ProShares UltraPro S&P 500 during the 4th quarter worth about $103,000. Finally, Nicholas Hoffman & Company LLC. bought a new stake in shares of ProShares UltraPro S&P 500 in the 2nd quarter valued at about $206,000.

ProShares UltraPro S&P 500 Trading Up 0.1 %

Shares of NYSEARCA:UPRO opened at $81.28 on Wednesday. ProShares UltraPro S&P 500 has a 52-week low of $35.57 and a 52-week high of $85.48. The company has a 50-day simple moving average of $77.43 and a 200 day simple moving average of $72.49.

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.