Independent Financial Group LLC Purchases Shares of 14,513 ProShares Ultra Russell 2000 $UWM

Independent Financial Group LLC acquired a new stake in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,513 shares of the company’s stock, valued at approximately $677,000.

A number of other institutional investors have also modified their holdings of the stock. Federation des caisses Desjardins du Quebec acquired a new position in shares of ProShares Ultra Russell 2000 in the 4th quarter valued at about $47,000. Bogart Wealth LLC acquired a new stake in ProShares Ultra Russell 2000 during the first quarter worth about $47,000. Bank of America Corp DE acquired a new stake in ProShares Ultra Russell 2000 during the third quarter worth about $120,000. HRT Financial LP purchased a new position in ProShares Ultra Russell 2000 during the fourth quarter valued at approximately $271,000. Finally, Kestra Advisory Services LLC purchased a new position in ProShares Ultra Russell 2000 during the fourth quarter valued at approximately $317,000.

ProShares Ultra Russell 2000 Trading Down 1.9%

Shares of NYSEARCA:UWM opened at $64.11 on Thursday. ProShares Ultra Russell 2000 has a 12-month low of $36.18 and a 12-month high of $68.32. The business has a 50 day moving average of $63.42 and a two-hundred day moving average of $56.40. The company has a market capitalization of $259.65 million, a PE ratio of 13.49 and a beta of 2.20.

ProShares Ultra Russell 2000 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.