Cassaday & Co Wealth Management LLC Purchases 2,569 Shares of ProShares Ultra Dow30 $DDM

Cassaday & Co Wealth Management LLC raised its position in ProShares Ultra Dow30 (NYSEARCA:DDM) by 20.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 15,018 shares of the company’s stock after buying an additional 2,569 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in ProShares Ultra Dow30 were worth $1,472,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new stake in ProShares Ultra Dow30 in the 2nd quarter valued at approximately $48,478,000. GenWealth Group Inc. lifted its stake in ProShares Ultra Dow30 by 7.9% in the 2nd quarter. GenWealth Group Inc. now owns 76,264 shares of the company’s stock valued at $7,476,000 after acquiring an additional 5,591 shares in the last quarter. Townsquare Capital LLC bought a new stake in ProShares Ultra Dow30 in the 1st quarter valued at approximately $754,000. Safe Harbor Fiduciary LLC lifted its stake in ProShares Ultra Dow30 by 3.5% in the 1st quarter. Safe Harbor Fiduciary LLC now owns 5,229 shares of the company’s stock valued at $478,000 after acquiring an additional 176 shares in the last quarter. Finally, Chung Wu Investment Group LLC bought a new stake in ProShares Ultra Dow30 in the 2nd quarter valued at approximately $510,000.

ProShares Ultra Dow30 Stock Performance

NYSEARCA DDM opened at $111.14 on Tuesday. The stock has a market capitalization of $477.90 million, a price-to-earnings ratio of 20.98 and a beta of 1.84. The stock’s 50 day moving average price is $106.81 and its two-hundred day moving average price is $98.28. ProShares Ultra Dow30 has a 52 week low of $69.07 and a 52 week high of $114.57.

ProShares Ultra Dow30 Company 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.