2,131 Shares in ProShares Ultra Dow30 $DDM Purchased by Meridian Wealth Management LLC

Meridian Wealth Management LLC acquired a new stake in shares of ProShares Ultra Dow30 (NYSEARCA:DDM) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 2,131 shares of the company’s stock, valued at approximately $209,000.

A number of other large investors have also bought and sold shares of the company. Cassaday & Co Wealth Management LLC raised its stake in shares of ProShares Ultra Dow30 by 20.6% in the second quarter. Cassaday & Co Wealth Management LLC now owns 15,018 shares of the company’s stock valued at $1,472,000 after buying an additional 2,569 shares during the period. Townsquare Capital LLC purchased a new stake in ProShares Ultra Dow30 in the 1st quarter worth about $754,000. GenWealth Group Inc. raised its stake in ProShares Ultra Dow30 by 7.9% in the 2nd quarter. GenWealth Group Inc. now owns 76,264 shares of the company’s stock valued at $7,476,000 after acquiring an additional 5,591 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in ProShares Ultra Dow30 during the second quarter valued at about $48,478,000. Finally, Safe Harbor Fiduciary LLC boosted its position in ProShares Ultra Dow30 by 3.5% during the first quarter. Safe Harbor Fiduciary LLC now owns 5,229 shares of the company’s stock worth $478,000 after purchasing an additional 176 shares during the period.

ProShares Ultra Dow30 Stock Down 2.1%

DDM opened at $105.14 on Wednesday. The firm has a 50-day moving average price of $108.26 and a 200-day moving average price of $100.51. ProShares Ultra Dow30 has a twelve month low of $69.07 and a twelve month high of $116.10. The company has a market capitalization of $452.10 million, a price-to-earnings ratio of 20.98 and a beta of 1.84.

ProShares Ultra Dow30 shares are scheduled to split before the market opens on Thursday, November 20th. The 2-1 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, November 19th.

About ProShares Ultra Dow30

The ProShares Ultra Dow30 (DDM) is an exchange-traded fund that is based on the Dow Jones Industrial Average index. The fund provides 2x leveraged exposure to the price-weighted Dow Jones Industrial Average, which includes 30 of the largest and most stable US companies. DDM was launched on Jun 19, 2006 and is managed by ProShares.