Family Capital Management Inc. Trims Stock Position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Family Capital Management Inc. trimmed its holdings in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 35.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,804 shares of the company’s stock after selling 4,919 shares during the quarter. Family Capital Management Inc.’s holdings in ProShares UltraPro S&P 500 were worth $482,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jump Financial LLC raised its holdings in shares of ProShares UltraPro S&P 500 by 291.5% in the third quarter. Jump Financial LLC now owns 310,593 shares of the company’s stock valued at $12,787,000 after buying an additional 231,258 shares during the last quarter. Cumberland Advisors Inc. raised its holdings in shares of ProShares UltraPro S&P 500 by 3,562.5% in the third quarter. Cumberland Advisors Inc. now owns 221,950 shares of the company’s stock valued at $9,138,000 after buying an additional 215,890 shares during the last quarter. Prosperity Wealth Management Inc. raised its holdings in shares of ProShares UltraPro S&P 500 by 1.9% in the third quarter. Prosperity Wealth Management Inc. now owns 200,003 shares of the company’s stock valued at $8,234,000 after buying an additional 3,773 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in shares of ProShares UltraPro S&P 500 by 486.4% in the first quarter. Flow Traders U.S. LLC now owns 172,184 shares of the company’s stock valued at $10,956,000 after buying an additional 142,820 shares during the last quarter. Finally, GTS Securities LLC purchased a new stake in shares of ProShares UltraPro S&P 500 in the second quarter valued at about $7,161,000.

ProShares UltraPro S&P 500 Price Performance

Shares of NYSEARCA:UPRO traded down $0.48 on Thursday, reaching $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 stock’s 50-day moving average is $66.00 and its two-hundred day moving average is $55.02. ProShares UltraPro S&P 500 has a 52-week low of $35.57 and a 52-week high of $71.16.

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.