WealthCare Asset Management LLC Makes New Investment in ProShares Ultra Technology $ROM

WealthCare Asset Management LLC bought a new position in ProShares Ultra Technology (NYSEARCA:ROM) in the fourth quarter, HoldingsChannel reports. The fund bought 31,564 shares of the company’s stock, valued at approximately $2,978,000. ProShares Ultra Technology makes up about 2.0% of WealthCare Asset Management LLC’s portfolio, making the stock its 11th largest position.

A number of other hedge funds have also bought and sold shares of the business. Royal Bank of Canada raised its position in ProShares Ultra Technology by 132.4% in the 4th quarter. Royal Bank of Canada now owns 711 shares of the company’s stock worth $67,000 after buying an additional 405 shares during the last quarter. Kestra Advisory Services LLC raised its position in ProShares Ultra Technology by 3.9% in the 4th quarter. Kestra Advisory Services LLC now owns 18,156 shares of the company’s stock worth $1,712,000 after buying an additional 686 shares during the last quarter. River Wealth Advisors LLC purchased a new position in ProShares Ultra Technology in the 4th quarter worth about $552,000. Group One Trading LLC purchased a new position in ProShares Ultra Technology in the 4th quarter worth about $26,000. Finally, LPL Financial LLC raised its position in ProShares Ultra Technology by 34.9% in the 4th quarter. LPL Financial LLC now owns 5,187 shares of the company’s stock worth $489,000 after buying an additional 1,343 shares during the last quarter.

ProShares Ultra Technology Stock Performance

Shares of NYSEARCA:ROM opened at $149.36 on Wednesday. ProShares Ultra Technology has a fifty-two week low of $68.00 and a fifty-two week high of $171.82. The business has a 50-day simple moving average of $127.51 and a two-hundred day simple moving average of $103.85. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 38.02 and a beta of 2.72.

About ProShares Ultra Technology

ProShares Ultra Technology (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology industry of the United States equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as 200% of the daily return of the Index.