JPMorgan Chase & Co. Raises Stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

JPMorgan Chase & Co. lifted its stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 103.3% during the third quarter, HoldingsChannel reports. The firm owned 33,799 shares of the company’s stock after purchasing an additional 17,170 shares during the period. JPMorgan Chase & Co.’s holdings in ProShares UltraPro S&P 500 were worth $2,913,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC bought a new position in shares of ProShares UltraPro S&P 500 during the 3rd quarter worth $26,000. ORG Wealth Partners LLC purchased a new stake in ProShares UltraPro S&P 500 in the third quarter worth about $54,000. Farther Finance Advisors LLC purchased a new position in ProShares UltraPro S&P 500 during the 3rd quarter valued at about $60,000. Strategic Blueprint LLC bought a new stake in shares of ProShares UltraPro S&P 500 in the 3rd quarter valued at about $202,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of ProShares UltraPro S&P 500 in the 3rd quarter worth approximately $222,000.

ProShares UltraPro S&P 500 Price Performance

Shares of UPRO stock opened at $93.10 on Monday. ProShares UltraPro S&P 500 has a 52-week low of $53.31 and a 52-week high of $100.06. The company’s 50 day moving average is $93.42 and its 200 day moving average is $85.69.

ProShares UltraPro S&P 500 Profile

The ProShares UltraPro S&P500 (UPRO) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 3x leveraged daily exposure to a market cap-weighted index of large-cap and mid-cap US companies selected by the S&P Committee. UPRO was launched on Jun 25, 2009 and is managed by ProShares.