Commonwealth Equity Services LLC Reduces Stock Position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Commonwealth Equity Services LLC reduced its holdings in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,840 shares of the company’s stock after selling 485 shares during the quarter. Commonwealth Equity Services LLC’s holdings in ProShares UltraPro S&P 500 were worth $1,002,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. GWM Advisors LLC purchased a new stake in shares of ProShares UltraPro S&P 500 during the 2nd quarter valued at approximately $218,000. Redhawk Wealth Advisors Inc. lifted its stake in ProShares UltraPro S&P 500 by 19.8% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 3,240 shares of the company’s stock worth $367,000 after purchasing an additional 535 shares in the last quarter. Rain Capital Management LLC purchased a new stake in ProShares UltraPro S&P 500 in the 1st quarter worth approximately $117,000. Traynor Capital Management Inc. purchased a new stake in ProShares UltraPro S&P 500 in the 2nd quarter worth approximately $299,000. Finally, Citigroup Inc. purchased a new stake in ProShares UltraPro S&P 500 in the 1st quarter worth approximately $45,000.

NYSEARCA UPRO opened at $118.20 on Thursday. ProShares UltraPro S&P 500 has a 1 year low of $49.31 and a 1 year high of $134.21. The company’s 50 day simple moving average is $124.78 and its two-hundred day simple moving average is $113.96.

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Institutional Ownership by Quarter for ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

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