Spire Wealth Management Makes New Investment in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

Spire Wealth Management purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,000 shares of the exchange traded fund’s stock, valued at approximately $192,000.

Several other institutional investors have also recently made changes to their positions in UCO. SG Americas Securities LLC increased its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 27.0% during the 4th quarter. SG Americas Securities LLC now owns 5,240 shares of the exchange traded fund’s stock worth $144,000 after acquiring an additional 1,114 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 50.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,890 shares of the exchange traded fund’s stock worth $328,000 after acquiring an additional 4,323 shares during the last quarter. IHT Wealth Management LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth approximately $376,000. Baker Avenue Asset Management LP acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth approximately $636,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth approximately $25,000.

ProShares Ultra Bloomberg Crude Oil Price Performance

UCO stock opened at $27.34 on Friday. ProShares Ultra Bloomberg Crude Oil has a 1-year low of $22.88 and a 1-year high of $36.51. The business’s 50 day simple moving average is $27.67 and its 200 day simple moving average is $27.49.

About ProShares Ultra Bloomberg Crude Oil

ProShares Ultra DJ-UBS Crude Oil seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones UBS Crude Oil Sub-Index. The Dow Jones-UBS Crude Oil Sub-Index is intended to reflect the performance of crude oil as measured by the price of futures contracts of sweet, light crude oil traded on the New York Mercantile Exchange (the NYMEX), including roll costs, without regard to income earned on cash positions.