Institute for Wealth Management LLC. lowered its holdings in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 20,612 shares of the company’s stock after selling 473 shares during the period. Institute for Wealth Management LLC.’s holdings in ProShares Ultra Russell2000 were worth $1,419,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in UWM. Coastal Investment Advisors Inc. purchased a new stake in ProShares Ultra Russell2000 in the 2nd quarter valued at approximately $31,000. Harvest Investment Services LLC raised its holdings in ProShares Ultra Russell2000 by 45.2% in the 2nd quarter. Harvest Investment Services LLC now owns 20,761 shares of the company’s stock valued at $1,441,000 after acquiring an additional 6,462 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in ProShares Ultra Russell2000 in the 1st quarter valued at $268,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in ProShares Ultra Russell2000 in the 1st quarter valued at $232,000. Finally, FormulaFolio Investments LLC raised its holdings in ProShares Ultra Russell2000 by 4.9% in the 1st quarter. FormulaFolio Investments LLC now owns 301,932 shares of the company’s stock valued at $20,359,000 after acquiring an additional 14,165 shares during the last quarter.
UWM traded up $2.52 during trading on Friday, hitting $62.29. The company’s stock had a trading volume of 98,100 shares, compared to its average volume of 265,203. The firm’s 50 day moving average price is $67.26 and its 200-day moving average price is $67.79. ProShares Ultra Russell2000 has a twelve month low of $46.25 and a twelve month high of $89.24.
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