Iron Horse Wealth Management LLC Boosts Stock Holdings in ProShares Ultra Semiconductors (NYSEARCA:USD)

Iron Horse Wealth Management LLC boosted its position in ProShares Ultra Semiconductors (NYSEARCA:USD) by 100.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 612 shares of the company’s stock after acquiring an additional 306 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in ProShares Ultra Semiconductors were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in shares of ProShares Ultra Semiconductors during the 3rd quarter worth approximately $120,000. Pure Financial Advisors LLC grew its holdings in ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Pure Financial Advisors LLC now owns 3,436 shares of the company’s stock worth $224,000 after acquiring an additional 1,718 shares during the period. Plotkin Financial Advisors LLC purchased a new position in ProShares Ultra Semiconductors in the third quarter worth $226,000. Spire Wealth Management lifted its holdings in ProShares Ultra Semiconductors by 100.1% in the fourth quarter. Spire Wealth Management now owns 3,751 shares of the company’s stock valued at $244,000 after acquiring an additional 1,876 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in ProShares Ultra Semiconductors in the fourth quarter valued at $280,000.

ProShares Ultra Semiconductors Stock Up 3.0 %

NYSEARCA:USD opened at $60.48 on Friday. The firm’s fifty day simple moving average is $65.57 and its 200-day simple moving average is $63.10. ProShares Ultra Semiconductors has a fifty-two week low of $34.69 and a fifty-two week high of $85.07.

About ProShares Ultra Semiconductors

ProShares Ultra Semiconductors (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Semiconductor Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.