Envestnet Portfolio Solutions Inc. bought a new stake in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 319,492 shares of the company’s stock, valued at approximately $13,371,000. Envestnet Portfolio Solutions Inc. owned about 0.06% of ProShares Ultra Russell2000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Larson Financial Group LLC boosted its stake in shares of ProShares Ultra Russell2000 by 62.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,603 shares of the company’s stock valued at $112,000 after purchasing an additional 1,003 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of ProShares Ultra Russell2000 in the 3rd quarter valued at $147,000. Arizona PSPRS Trust purchased a new stake in shares of ProShares Ultra Russell2000 in the 3rd quarter valued at $215,000. US Bancorp DE purchased a new stake in shares of ProShares Ultra Russell2000 in the 4th quarter valued at $224,000. Finally, Sigma Planning Corp purchased a new stake in shares of ProShares Ultra Russell2000 in the 4th quarter valued at $225,000.
ProShares Ultra Russell2000 Stock Up 5.0 %
NYSEARCA:UWM opened at $34.65 on Monday. The company has a fifty day moving average of $41.18 and a 200 day moving average of $43.13. ProShares Ultra Russell2000 has a 52 week low of $32.67 and a 52 week high of $51.87. The firm has a market capitalization of $334.37 million, a P/E ratio of 15.04 and a beta of 2.37.
ProShares Ultra Russell2000 Company Profile
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.
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