Spire Wealth Management Increases Holdings in ProShares UltraPro Dow30 $UDOW

Spire Wealth Management increased its position in ProShares UltraPro Dow30 (NYSEARCA:UDOW) by 6,341.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,716 shares of the company’s stock after buying an additional 15,472 shares during the quarter. Spire Wealth Management’s holdings in ProShares UltraPro Dow30 were worth $910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Flow Traders U.S. LLC grew its position in ProShares UltraPro Dow30 by 139.0% during the second quarter. Flow Traders U.S. LLC now owns 64,238 shares of the company’s stock valued at $6,065,000 after acquiring an additional 37,357 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of ProShares UltraPro Dow30 during the third quarter worth approximately $3,456,000. Encompass More Asset Management lifted its holdings in shares of ProShares UltraPro Dow30 by 191.1% in the 3rd quarter. Encompass More Asset Management now owns 32,235 shares of the company’s stock worth $3,451,000 after acquiring an additional 21,162 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of ProShares UltraPro Dow30 by 39.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 38,652 shares of the company’s stock worth $3,650,000 after acquiring an additional 10,877 shares during the last quarter. Finally, Canal Capital Management LLC boosted its stake in shares of ProShares UltraPro Dow30 by 100.5% in the 4th quarter. Canal Capital Management LLC now owns 18,125 shares of the company’s stock valued at $1,050,000 after purchasing an additional 9,085 shares in the last quarter.

ProShares UltraPro Dow30 Stock Performance

Shares of ProShares UltraPro Dow30 stock opened at $50.18 on Wednesday. ProShares UltraPro Dow30 has a 52-week low of $28.45 and a 52-week high of $66.21. The company has a fifty day moving average of $57.82 and a 200-day moving average of $56.94. The stock has a market capitalization of $629.76 million, a price-to-earnings ratio of 20.47 and a beta of 2.79.

ProShares UltraPro Dow30 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were given a dividend of $0.1437 per share. This represents a $0.57 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, March 25th.

About ProShares UltraPro Dow30

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.