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

Ellis Investment Partners LLC lessened its stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of ProShares UltraPro S&P 500 in the 4th quarter worth $25,000. ORG Partners LLC acquired a new stake in ProShares UltraPro S&P 500 in the second quarter valued at about $84,000. Hantz Financial Services Inc. acquired a new stake in ProShares UltraPro S&P 500 in the second quarter valued at about $93,000. PNC Financial Services Group Inc. purchased a new stake in ProShares UltraPro S&P 500 in the 4th quarter valued at approximately $103,000. Finally, Nicholas Hoffman & Company LLC. acquired a new position in ProShares UltraPro S&P 500 during the 2nd quarter worth approximately $206,000.

ProShares UltraPro S&P 500 Stock Performance

Shares of NYSEARCA:UPRO traded down $3.89 on Friday, reaching $72.12. 7,081,836 shares of the company were exchanged, compared to its average volume of 5,632,940. The company has a 50-day moving average of $77.61 and a 200-day moving average of $71.85. ProShares UltraPro S&P 500 has a 1-year low of $35.57 and a 1-year high of $85.48.

ProShares UltraPro S&P 500 Company 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.