Encompass More Asset Management Sells 693 Shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Encompass More Asset Management lessened its stake in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 9.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,367 shares of the company’s stock after selling 693 shares during the period. Encompass More Asset Management’s holdings in ProShares UltraPro S&P 500 were worth $564,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UPRO. Koshinski Asset Management Inc. increased its holdings in shares of ProShares UltraPro S&P 500 by 8.2% during the fourth quarter. Koshinski Asset Management Inc. now owns 2,793 shares of the company’s stock valued at $248,000 after acquiring an additional 212 shares in the last quarter. Innova Wealth Partners purchased a new position in ProShares UltraPro S&P 500 in the fourth quarter worth about $362,000. JPMorgan Chase & Co. lifted its stake in shares of ProShares UltraPro S&P 500 by 103.3% in the third quarter. JPMorgan Chase & Co. now owns 33,799 shares of the company’s stock worth $2,913,000 after buying an additional 17,170 shares in the last quarter. Discipline Wealth Solutions LLC purchased a new stake in shares of ProShares UltraPro S&P 500 during the third quarter valued at approximately $429,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of ProShares UltraPro S&P 500 during the third quarter valued at approximately $340,000.

ProShares UltraPro S&P 500 Stock Performance

Shares of NYSEARCA UPRO opened at $98.81 on Friday. The company has a 50 day moving average of $93.52 and a 200 day moving average of $86.05. ProShares UltraPro S&P 500 has a twelve month low of $56.59 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.