ProShares Ultra Russell 2000 $UWM Holdings Boosted by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC raised its stake in ProShares Ultra Russell 2000 (NYSEARCA:UWM) by 8.4% in the second quarter, HoldingsChannel.com reports. The fund owned 22,114 shares of the company’s stock after buying an additional 1,719 shares during the quarter. WealthBridge Capital Management LLC’s holdings in ProShares Ultra Russell 2000 were worth $833,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Absolute Capital Management LLC lifted its holdings in shares of ProShares Ultra Russell 2000 by 8.6% in the 2nd quarter. Absolute Capital Management LLC now owns 16,064 shares of the company’s stock worth $605,000 after purchasing an additional 1,269 shares during the last quarter. Capital Investment Counsel Inc increased its position in ProShares Ultra Russell 2000 by 4.1% in the second quarter. Capital Investment Counsel Inc now owns 53,700 shares of the company’s stock worth $2,023,000 after buying an additional 2,101 shares during the period. Cassaday & Co Wealth Management LLC increased its position in ProShares Ultra Russell 2000 by 3.9% in the second quarter. Cassaday & Co Wealth Management LLC now owns 9,288 shares of the company’s stock worth $350,000 after buying an additional 347 shares during the period. Atria Investments Inc lifted its stake in ProShares Ultra Russell 2000 by 14.3% in the second quarter. Atria Investments Inc now owns 119,768 shares of the company’s stock valued at $4,512,000 after buying an additional 15,017 shares during the last quarter. Finally, GWN Securities Inc. boosted its holdings in shares of ProShares Ultra Russell 2000 by 102.3% during the second quarter. GWN Securities Inc. now owns 26,466 shares of the company’s stock valued at $997,000 after acquiring an additional 13,386 shares during the period.

ProShares Ultra Russell 2000 Stock Performance

ProShares Ultra Russell 2000 stock opened at $43.26 on Friday. ProShares Ultra Russell 2000 has a one year low of $24.47 and a one year high of $51.87. The company has a 50-day simple moving average of $46.46 and a 200-day simple moving average of $41.38. The firm has a market capitalization of $227.12 million, a P/E ratio of 13.49 and a beta of 2.27.

ProShares Ultra Russell 2000 Profile

The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.