PNC Financial Services Group Inc. Buys Shares of 650 ProShares Ultra Technology (NYSEARCA:ROM)

PNC Financial Services Group Inc. purchased a new position in ProShares Ultra Technology (NYSEARCA:ROM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 650 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC bought a new position in ProShares Ultra Technology during the third quarter valued at approximately $27,000. Truvestments Capital LLC bought a new position in shares of ProShares Ultra Technology during the 3rd quarter valued at $41,000. IFP Advisors Inc lifted its stake in shares of ProShares Ultra Technology by 20.0% in the 4th quarter. IFP Advisors Inc now owns 900 shares of the company’s stock valued at $63,000 after purchasing an additional 150 shares during the last quarter. Plotkin Financial Advisors LLC acquired a new stake in shares of ProShares Ultra Technology in the 3rd quarter valued at $1,648,000. Finally, Dale Q Rice Investment Management Ltd bought a new stake in ProShares Ultra Technology in the fourth quarter worth $2,051,000.

ProShares Ultra Technology Price Performance

ProShares Ultra Technology stock opened at $57.18 on Thursday. ProShares Ultra Technology has a one year low of $48.72 and a one year high of $77.46. The company’s fifty day moving average price is $65.60 and its two-hundred day moving average price is $68.00. The company has a market capitalization of $582.66 million, a price-to-earnings ratio of 30.71 and a beta of 2.36.

ProShares Ultra Technology Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.0172 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

About ProShares Ultra Technology

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.