PNC Financial Services Group Inc. Takes Position in ProShares UltraPro S&P 500 $UPRO

PNC Financial Services Group Inc. acquired a new position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 29,066 shares of the company’s stock, valued at approximately $2,819,000.

Other institutional investors have also modified their holdings of the company. Turner Capital Investments LLC acquired a new stake in ProShares UltraPro S&P 500 in the 4th quarter valued at about $60,838,000. IMC Chicago LLC bought a new position in shares of ProShares UltraPro S&P 500 during the 1st quarter valued at about $3,215,000. BXM Wealth LLC acquired a new position in shares of ProShares UltraPro S&P 500 in the 4th quarter worth approximately $23,340,000. Revere Asset Management Inc grew its stake in shares of ProShares UltraPro S&P 500 by 8.6% in the 4th quarter. Revere Asset Management Inc now owns 197,317 shares of the company’s stock worth $22,841,000 after purchasing an additional 15,655 shares during the last quarter. Finally, T3 Companies LLC acquired a new position in shares of ProShares UltraPro S&P 500 in the 4th quarter worth approximately $494,000.

ProShares UltraPro S&P 500 Price Performance

UPRO stock opened at $137.30 on Wednesday. ProShares UltraPro S&P 500 has a 12 month low of $88.14 and a 12 month high of $151.41. The firm has a market cap of $5.14 billion, a PE ratio of 28.62 and a beta of 3.02. The firm has a 50 day simple moving average of $141.50 and a 200 day simple moving average of $125.42.

About ProShares UltraPro S&P 500

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.