ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Acquired by Concentrum Wealth Management

Concentrum Wealth Management boosted its holdings in ProShares Ultra Semiconductors (NYSEARCA:USD) by 86.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,464 shares of the company’s stock after buying an additional 1,606 shares during the quarter. Concentrum Wealth Management’s holdings in ProShares Ultra Semiconductors were worth $226,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Dale Q Rice Investment Management Ltd purchased a new stake in shares of ProShares Ultra Semiconductors during the 4th quarter worth approximately $28,445,000. Merit Financial Group LLC acquired a new stake in ProShares Ultra Semiconductors during the 4th quarter worth $280,000. Client First Investment Management LLC raised its stake in ProShares Ultra Semiconductors by 58.1% during the 4th quarter. Client First Investment Management LLC now owns 69,012 shares of the company’s stock worth $4,495,000 after acquiring an additional 25,351 shares in the last quarter. Pure Financial Advisors LLC lifted its position in ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Pure Financial Advisors LLC now owns 3,436 shares of the company’s stock valued at $224,000 after acquiring an additional 1,718 shares during the last quarter. Finally, Advisory Alpha LLC grew its holdings in shares of ProShares Ultra Semiconductors by 100.2% during the fourth quarter. Advisory Alpha LLC now owns 10,224 shares of the company’s stock worth $666,000 after purchasing an additional 5,117 shares during the last quarter.

ProShares Ultra Semiconductors Stock Performance

USD opened at $29.19 on Monday. ProShares Ultra Semiconductors has a one year low of $25.02 and a one year high of $85.07. The stock has a market capitalization of $519.00 million, a P/E ratio of 30.08 and a beta of 2.78. The business’s 50-day simple moving average is $52.10 and its 200-day simple moving average is $61.86.

ProShares Ultra Semiconductors Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.0499 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

ProShares Ultra Semiconductors Company Profile

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.