Axxcess Wealth Management LLC Makes New $1.27 Million Investment in ProShares Ultra Russell2000 (NYSEARCA:UWM)

Axxcess Wealth Management LLC bought a new stake in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,404 shares of the company’s stock, valued at approximately $1,272,000. Axxcess Wealth Management LLC owned 0.55% of ProShares Ultra Russell2000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC increased its holdings in ProShares Ultra Russell2000 by 62.7% in the third quarter. Larson Financial Group LLC now owns 2,603 shares of the company’s stock worth $112,000 after buying an additional 1,003 shares during the last quarter. Arizona PSPRS Trust acquired a new position in shares of ProShares Ultra Russell2000 during the 3rd quarter worth $215,000. US Bancorp DE bought a new position in shares of ProShares Ultra Russell2000 during the 4th quarter valued at $224,000. Sigma Planning Corp acquired a new stake in shares of ProShares Ultra Russell2000 in the 4th quarter valued at $225,000. Finally, Principal Securities Inc. bought a new stake in ProShares Ultra Russell2000 in the fourth quarter worth $240,000.

ProShares Ultra Russell2000 Price Performance

NYSEARCA UWM opened at $35.47 on Friday. ProShares Ultra Russell2000 has a fifty-two week low of $32.67 and a fifty-two week high of $51.87. The stock’s 50-day moving average is $40.61 and its two-hundred day moving average is $42.92. The firm has a market cap of $342.29 million, a P/E ratio of 15.04 and a beta of 2.37.

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.