Erickson Financial Group LLC Has $605,000 Position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Erickson Financial Group LLC boosted its position in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 6.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,184 shares of the company’s stock after buying an additional 474 shares during the quarter. ProShares UltraPro S&P 500 makes up approximately 0.5% of Erickson Financial Group LLC’s holdings, making the stock its 14th largest holding. Erickson Financial Group LLC’s holdings in ProShares UltraPro S&P 500 were worth $605,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. IMC Chicago LLC bought a new stake in shares of ProShares UltraPro S&P 500 during the first quarter worth approximately $15,528,000. Kwmg LLC boosted its stake in ProShares UltraPro S&P 500 by 7.6% in the first quarter. Kwmg LLC now owns 5,518 shares of the company’s stock valued at $408,000 after acquiring an additional 390 shares during the last quarter. Discipline Wealth Solutions LLC grew its holdings in ProShares UltraPro S&P 500 by 47.4% during the 4th quarter. Discipline Wealth Solutions LLC now owns 7,333 shares of the company’s stock worth $650,000 after acquiring an additional 2,359 shares during the period. Safe Harbor Fiduciary LLC raised its position in shares of ProShares UltraPro S&P 500 by 22,698.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 11,399 shares of the company’s stock valued at $1,010,000 after acquiring an additional 11,349 shares during the last quarter. Finally, Main Street Group LTD lifted its stake in shares of ProShares UltraPro S&P 500 by 0.7% in the 4th quarter. Main Street Group LTD now owns 43,274 shares of the company’s stock valued at $3,836,000 after purchasing an additional 284 shares during the period.

ProShares UltraPro S&P 500 Stock Down 0.9%

NYSEARCA:UPRO opened at $84.44 on Thursday. ProShares UltraPro S&P 500 has a 12-month low of $45.88 and a 12-month high of $100.06. The stock’s fifty day simple moving average is $71.09 and its 200-day simple moving average is $83.03. The firm has a market capitalization of $4.05 billion, a P/E ratio of 28.62 and a beta of 3.05.

ProShares UltraPro S&P 500 Profile

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.