GenWealth Group Inc. Purchases 82,230 Shares of ProShares Ultra Dow30 $DDM

GenWealth Group Inc. boosted its position in ProShares Ultra Dow30 (NYSEARCA:DDM) by 105.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 159,954 shares of the company’s stock after purchasing an additional 82,230 shares during the period. ProShares Ultra Dow30 makes up approximately 1.6% of GenWealth Group Inc.’s holdings, making the stock its 20th largest holding. GenWealth Group Inc.’s holdings in ProShares Ultra Dow30 were worth $9,620,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Global View Capital Management LLC lifted its position in shares of ProShares Ultra Dow30 by 31.2% during the 3rd quarter. Global View Capital Management LLC now owns 152,553 shares of the company’s stock valued at $16,366,000 after buying an additional 36,263 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in ProShares Ultra Dow30 in the 2nd quarter worth about $1,005,000. CPR Investments Inc. purchased a new stake in ProShares Ultra Dow30 in the 3rd quarter worth about $443,000. Castleview Partners LLC raised its stake in ProShares Ultra Dow30 by 20.2% in the 3rd quarter. Castleview Partners LLC now owns 3,226 shares of the company’s stock valued at $346,000 after acquiring an additional 542 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in ProShares Ultra Dow30 by 32,044.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 33,752 shares of the company’s stock valued at $3,309,000 after acquiring an additional 33,647 shares during the period.

ProShares Ultra Dow30 Stock Up 1.0%

NYSEARCA DDM opened at $52.33 on Thursday. The company has a market cap of $460.50 million, a PE ratio of 20.98 and a beta of 1.84. ProShares Ultra Dow30 has a 52 week low of $34.54 and a 52 week high of $62.35. The firm’s 50-day simple moving average is $57.67 and its two-hundred day simple moving average is $56.20.

ProShares Ultra Dow30 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a $0.1553 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.2%. This is an increase from ProShares Ultra Dow30’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 25th.

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.