World Equity Group Inc. Makes New Investment in ProShares Ultra Russell2000 (NYSEARCA:UWM)

World Equity Group Inc. bought a new position in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,000 shares of the company’s stock, valued at approximately $335,000.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of ProShares Ultra Russell2000 by 62.7% in the third quarter. Larson Financial Group LLC now owns 2,603 shares of the company’s stock valued at $112,000 after acquiring an additional 1,003 shares during the period. Peterson Financial Group Inc. bought a new position in shares of ProShares Ultra Russell2000 in the third quarter valued at approximately $147,000. Arizona PSPRS Trust bought a new position in shares of ProShares Ultra Russell2000 in the third quarter valued at approximately $215,000. Sigma Planning Corp bought a new position in shares of ProShares Ultra Russell2000 in the fourth quarter valued at approximately $225,000. Finally, Principal Securities Inc. bought a new position in shares of ProShares Ultra Russell2000 in the fourth quarter valued at approximately $240,000.

ProShares Ultra Russell2000 Trading Down 1.5 %

UWM stock opened at $39.57 on Tuesday. The firm has a 50 day moving average of $43.16 and a 200-day moving average of $43.52. ProShares Ultra Russell2000 has a 12 month low of $33.57 and a 12 month high of $51.87. The firm has a market capitalization of $389.76 million, a P/E ratio of 16.43 and a beta of 2.33.

ProShares Ultra Russell2000 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.