PNC Financial Services Group Inc. Takes Position in ProShares Ultra Semiconductors (NYSEARCA:USD)

PNC Financial Services Group Inc. purchased a new stake in ProShares Ultra Semiconductors (NYSEARCA:USD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,240 shares of the company’s stock, valued at approximately $276,000. PNC Financial Services Group Inc. owned 0.05% of ProShares Ultra Semiconductors as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Iron Horse Wealth Management LLC increased its stake in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 612 shares of the company’s stock worth $40,000 after buying an additional 306 shares during the period. Bogart Wealth LLC increased its stake in ProShares Ultra Semiconductors by 50.0% during the 4th quarter. Bogart Wealth LLC now owns 1,500 shares of the company’s stock worth $98,000 after buying an additional 500 shares during the period. Plotkin Financial Advisors LLC purchased a new stake in ProShares Ultra Semiconductors during the 3rd quarter worth approximately $226,000. Pure Financial Advisors LLC increased its stake in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Pure Financial Advisors LLC now owns 3,436 shares of the company’s stock worth $224,000 after buying an additional 1,718 shares during the period. Finally, Spire Wealth Management increased its stake in ProShares Ultra Semiconductors by 100.1% during the 4th quarter. Spire Wealth Management now owns 3,751 shares of the company’s stock worth $244,000 after buying an additional 1,876 shares during the period.

ProShares Ultra Semiconductors Stock Down 1.5 %

Shares of USD opened at $47.45 on Friday. ProShares Ultra Semiconductors has a fifty-two week low of $36.15 and a fifty-two week high of $85.07. The firm’s 50 day moving average price is $57.78 and its 200 day moving average price is $62.49. The company has a market cap of $852.68 million, a P/E ratio of 34.10 and a beta of 2.78.

About ProShares Ultra Semiconductors

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.