World Equity Group Inc. Buys New Shares in ProShares Ultra Russell2000 (NYSEARCA:UWM)

World Equity Group Inc. bought a new stake in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 8,000 shares of the company’s stock, valued at approximately $335,000. World Equity Group Inc. owned 0.14% of ProShares Ultra Russell2000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC lifted its position in shares of ProShares Ultra Russell2000 by 62.7% during the 3rd 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. acquired a new position in shares of ProShares Ultra Russell2000 during the 3rd quarter valued at $147,000. Arizona PSPRS Trust acquired a new position in shares of ProShares Ultra Russell2000 during the 3rd quarter valued at $215,000. Sigma Planning Corp acquired a new position in shares of ProShares Ultra Russell2000 during the 4th quarter valued at $225,000. Finally, Principal Securities Inc. acquired a new position in shares of ProShares Ultra Russell2000 during the 4th quarter valued at $240,000.

ProShares Ultra Russell2000 Stock Down 1.5 %

ProShares Ultra Russell2000 stock opened at $39.57 on Tuesday. The firm’s fifty day moving average is $43.16 and its 200 day moving average is $43.52. ProShares Ultra Russell2000 has a 12-month low of $33.57 and a 12-month high of $51.87. The company has a market capitalization of $389.76 million, a PE 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.