Family Capital Management Inc. Cuts Holdings in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Family Capital Management Inc. decreased its holdings in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 35.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,804 shares of the company’s stock after selling 4,919 shares during the period. Family Capital Management Inc.’s holdings in ProShares UltraPro S&P 500 were worth $482,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rise Advisors LLC increased its holdings in shares of ProShares UltraPro S&P 500 by 39.4% in the 4th quarter. Rise Advisors LLC now owns 711 shares of the company’s stock worth $39,000 after purchasing an additional 201 shares in the last quarter. Citigroup Inc. bought a new stake in shares of ProShares UltraPro S&P 500 in the first quarter worth $45,000. Royal Bank of Canada bought a new stake in shares of ProShares UltraPro S&P 500 in the first quarter worth $51,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of ProShares UltraPro S&P 500 by 252.1% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,465 shares of the company’s stock worth $101,000 after acquiring an additional 1,765 shares during the period. Finally, CENTRAL TRUST Co purchased a new position in ProShares UltraPro S&P 500 during the fourth quarter valued at $111,000.

ProShares UltraPro S&P 500 Price Performance

Shares of ProShares UltraPro S&P 500 stock traded down $0.48 during trading hours on Thursday, hitting $60.78. The company’s stock had a trading volume of 9,250,416 shares, compared to its average volume of 6,902,139. The business has a 50 day moving average price of $66.00 and a two-hundred day moving average price of $55.02. ProShares UltraPro S&P 500 has a 12-month low of $35.57 and a 12-month high of $71.16.

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.