Financial Management Network Inc. Makes New $465,000 Investment in ProShares Ultra Russell2000 (NYSEARCA:UWM)

Financial Management Network Inc. bought a new position in ProShares Ultra Russell2000 (NYSEARCA:UWM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,765 shares of the company’s stock, valued at approximately $465,000. Financial Management Network Inc. owned approximately 0.19% of ProShares Ultra Russell2000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UWM. Larson Financial Group LLC lifted 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 buying an additional 1,003 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of ProShares Ultra Russell2000 in the third quarter worth $147,000. Arizona PSPRS Trust acquired a new stake in shares of ProShares Ultra Russell2000 in the third quarter worth $215,000. Principal Securities Inc. acquired a new stake in shares of ProShares Ultra Russell2000 in the fourth quarter worth $240,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of ProShares Ultra Russell2000 in the third quarter worth $286,000.

ProShares Ultra Russell2000 Stock Performance

Shares of ProShares Ultra Russell2000 stock opened at $43.85 on Wednesday. The firm has a fifty day simple moving average of $43.58 and a 200-day simple moving average of $43.37. ProShares Ultra Russell2000 has a 1-year low of $33.57 and a 1-year high of $51.87.

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.