ProShares UltraPro Dow30 $UDOW Shares Purchased by Spectrum Financial Alliance Ltd LLC

Spectrum Financial Alliance Ltd LLC boosted its position in ProShares UltraPro Dow30 (NYSEARCA:UDOW) by 206.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 35,428 shares of the company’s stock after acquiring an additional 23,852 shares during the quarter. ProShares UltraPro Dow30 makes up 0.4% of Spectrum Financial Alliance Ltd LLC’s investment portfolio, making the stock its 13th biggest position. Spectrum Financial Alliance Ltd LLC’s holdings in ProShares UltraPro Dow30 were worth $2,052,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank lifted its holdings in ProShares UltraPro Dow30 by 100.0% in the 4th quarter. Comerica Bank now owns 2,000 shares of the company’s stock worth $116,000 after buying an additional 1,000 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in ProShares UltraPro Dow30 by 32.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,066 shares of the company’s stock worth $221,000 after buying an additional 503 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in ProShares UltraPro Dow30 by 46.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,275 shares of the company’s stock worth $244,000 after buying an additional 718 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in ProShares UltraPro Dow30 in the 3rd quarter worth $249,000. Finally, Toth Financial Advisory Corp lifted its holdings in ProShares UltraPro Dow30 by 98.7% in the 4th quarter. Toth Financial Advisory Corp now owns 3,725 shares of the company’s stock worth $216,000 after buying an additional 1,850 shares in the last quarter.

ProShares UltraPro Dow30 Trading Up 3.0%

UDOW stock traded up $1.77 during trading on Thursday, reaching $60.12. The stock had a trading volume of 1,307,314 shares, compared to its average volume of 4,542,115. ProShares UltraPro Dow30 has a 1-year low of $38.04 and a 1-year high of $66.21. The company has a market capitalization of $802.59 million, a P/E ratio of 20.47 and a beta of 2.64. The firm has a fifty day moving average price of $55.44 and a 200 day moving average price of $57.40.

ProShares UltraPro Dow30 Profile

ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.