Schwallier Wealth Management LLC Acquires New Position in ProShares Ultra Dow30 $DDM

Schwallier Wealth Management LLC acquired a new position in shares of ProShares Ultra Dow30 (NYSEARCA:DDM) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,824 shares of the company’s stock, valued at approximately $407,000. Schwallier Wealth Management LLC owned about 0.09% of ProShares Ultra Dow30 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DDM. Global View Capital Management LLC grew its stake in shares of ProShares Ultra Dow30 by 271.1% in the 4th quarter. Global View Capital Management LLC now owns 566,105 shares of the company’s stock valued at $32,189,000 after buying an additional 413,552 shares during the period. HRT Financial LP purchased a new stake in shares of ProShares Ultra Dow30 during the 4th quarter valued at approximately $8,335,000. Focus Partners Wealth acquired a new position in ProShares Ultra Dow30 in the fourth quarter valued at approximately $5,481,000. GenWealth Group Inc. lifted its holdings in ProShares Ultra Dow30 by 105.8% in the fourth quarter. GenWealth Group Inc. now owns 159,954 shares of the company’s stock valued at $9,620,000 after acquiring an additional 82,230 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in ProShares Ultra Dow30 by 10,339.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 38,834 shares of the company’s stock valued at $2,208,000 after acquiring an additional 38,462 shares during the last quarter.

ProShares Ultra Dow30 Stock Performance

Shares of ProShares Ultra Dow30 stock opened at $66.25 on Thursday. The stock has a 50 day moving average of $63.06 and a 200 day moving average of $59.33. The firm has a market capitalization of $546.56 million, a price-to-earnings ratio of 20.98 and a beta of 1.73. ProShares Ultra Dow30 has a fifty-two week low of $47.15 and a fifty-two week high of $68.00.

ProShares Ultra Dow30 Profile

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.