Spectrum Financial Alliance Ltd LLC Acquires 53,304 Shares of ProShares UltraPro Dow30 $UDOW

Spectrum Financial Alliance Ltd LLC grew its holdings in shares of ProShares UltraPro Dow30 (NYSEARCA:UDOW) by 150.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,732 shares of the company’s stock after buying an additional 53,304 shares during the period. ProShares UltraPro Dow30 accounts for 0.9% of Spectrum Financial Alliance Ltd LLC’s portfolio, making the stock its 17th biggest position. Spectrum Financial Alliance Ltd LLC owned approximately 0.66% of ProShares UltraPro Dow30 worth $4,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UDOW. Ascentis Independent Advisors lifted its stake in ProShares UltraPro Dow30 by 95.8% in the first quarter. Ascentis Independent Advisors now owns 36,183 shares of the company’s stock worth $1,816,000 after acquiring an additional 17,707 shares during the period. Koshinski Asset Management Inc. increased its position in ProShares UltraPro Dow30 by 206.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 12,609 shares of the company’s stock valued at $633,000 after purchasing an additional 8,490 shares during the period. World Investment Advisors increased its position in ProShares UltraPro Dow30 by 2.4% during the 1st quarter. World Investment Advisors now owns 13,885 shares of the company’s stock valued at $697,000 after purchasing an additional 329 shares during the period. Corient Private Wealth LLC lifted its position in shares of ProShares UltraPro Dow30 by 72.6% in the 4th quarter. Corient Private Wealth LLC now owns 24,030 shares of the company’s stock worth $1,392,000 after purchasing an additional 10,110 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of ProShares UltraPro Dow30 by 100.0% in the 4th quarter. NewEdge Advisors LLC now owns 470 shares of the company’s stock worth $27,000 after purchasing an additional 235 shares during the period.

ProShares UltraPro Dow30 Stock Up 0.8%

Shares of UDOW traded up $0.56 during trading hours on Friday, reaching $71.26. 1,620,520 shares of the company traded hands, compared to its average volume of 3,774,419. The company’s fifty day moving average price is $65.81 and its two-hundred day moving average price is $60.88. The company has a market capitalization of $880.06 million, a price-to-earnings ratio of 20.47 and a beta of 2.60. ProShares UltraPro Dow30 has a 12 month low of $44.37 and a 12 month high of $74.21.

ProShares UltraPro Dow30 Company Profile

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.