Runnymede Capital Advisors Inc. Invests $14.42 Million in ProShares Ultra Technology (NYSEARCA:ROM)

Runnymede Capital Advisors Inc. purchased a new position in shares of ProShares Ultra Technology (NYSEARCA:ROM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 206,844 shares of the company’s stock, valued at approximately $14,423,000. ProShares Ultra Technology makes up approximately 12.6% of Runnymede Capital Advisors Inc.’s portfolio, making the stock its biggest position. Runnymede Capital Advisors Inc. owned 1.88% of ProShares Ultra Technology at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of ProShares Ultra Technology by 20.0% during the 4th quarter. IFP Advisors Inc now owns 900 shares of the company’s stock worth $63,000 after acquiring an additional 150 shares in the last quarter. Larson Financial Group LLC purchased a new stake in ProShares Ultra Technology in the 3rd quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new stake in ProShares Ultra Technology in the 3rd quarter valued at approximately $41,000. PNC Financial Services Group Inc. purchased a new stake in ProShares Ultra Technology in the 4th quarter valued at approximately $45,000. Finally, Nwam LLC purchased a new stake in ProShares Ultra Technology in the 3rd quarter valued at approximately $215,000.

ProShares Ultra Technology Stock Performance

ROM stock opened at $57.33 on Friday. ProShares Ultra Technology has a 1 year low of $48.72 and a 1 year high of $77.46. The stock’s 50 day moving average price is $66.11 and its 200 day moving average price is $67.90. The firm has a market cap of $584.19 million, a P/E ratio of 30.71 and a beta of 2.36.

ProShares Ultra Technology Profile

ProShares Ultra Technology (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology industry of the United States equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services.