Envestnet Asset Management Inc. Acquires 3,013,963 Shares of ProShares Ultra Russell2000 (NYSEARCA:UWM)

Posted by George Bondi on Apr 8th, 2025

Envestnet Asset Management Inc. lifted its holdings in ProShares Ultra Russell2000 (NYSEARCA:UWM – Free Report) by 50,502.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,019,931 shares of the company’s stock after buying an additional 3,013,963 shares during the period. Envestnet Asset Management Inc. owned about 0.54% of ProShares Ultra Russell2000 worth $126,384,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Personal CFO Solutions LLC bought a new stake in ProShares Ultra Russell2000 during the fourth quarter worth approximately $15,290,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of ProShares Ultra Russell2000 in the 4th quarter worth approximately $13,371,000. Park Avenue Securities LLC bought a new position in shares of ProShares Ultra Russell2000 during the 4th quarter valued at approximately $8,240,000. Atria Investments Inc purchased a new stake in ProShares Ultra Russell2000 during the 4th quarter valued at $4,483,000. Finally, Simplicity Wealth LLC bought a new stake in ProShares Ultra Russell2000 in the fourth quarter worth $3,790,000.

ProShares Ultra Russell2000 Stock Down 2.0 %

UWM stock opened at $26.78 on Tuesday. The firm’s fifty day simple moving average is $38.22 and its two-hundred day simple moving average is $42.34. The stock has a market capitalization of $255.75 million, a price-to-earnings ratio of 14.88 and a beta of 2.37. ProShares Ultra Russell2000 has a twelve month low of $24.47 and a twelve month high of $51.87.

ProShares Ultra Russell2000 Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued a dividend of $0.0821 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

ProShares Ultra Russell2000 Profile

(Free Report)

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.