How To Buy ProShares Ultra Utilities (UPW) Stock

How To Buy UPW

ProShares Ultra Utilities (UPW) is an ETF listed on the NYSE ARCA exchange, which means you can buy the stock from most online brokers. Follow the steps below to learn how to purchase shares of UPW.

1. Find a reliable broker.

   Don't worry, it's easy and free to open a brokerage account. Below are our favorite brokers where you can buy ProShares Ultra Utilities from:

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2. Fund your new account.

   You'll need to transfer money into your new brokerage account before you can buy the stock. Transferring via a bank transfer is recommended and the most common way to fund an account. Some brokers might allow funding via a debit or credit card.

3. Search for UPW.

   When your funds are settled into your account, look for ProShares Ultra Utilities on your broker by searching for the company name: ProShares Ultra Utilities or the ticker symbol: UPW.

4. Buy the stock.

   Once that you've found ProShares Ultra Utilities on your broker, submit a purchase order to buy shares of the stock (currently $55.38 a share). Depending on when you purchase, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares depending on your broker.

   Once your order gets fulfilled, you've purchased your first shares of ProShares Ultra Utilities.

   Tips When Buying

   When submitting your order, you may choose to buy shares of ProShares Ultra Utilities at the market price with a market order or at a set price using a limit order.

   • Market order: Buys the stock immediately at its current price.
   • Limit order: Buys the stock only once it reaches your target price.

   By default all purchases are considered market orders unless specified otherwise. Limit orders are great for when you only want to buy shares of UPW at a specific price.

Should You Buy UPW Stock Now?

In the past week the price per share of ProShares Ultra Utilities has gone up ↑1.52 (2.82%) and the daily volume has increased significantly. You should buy UPW now if you think the stock will continue going up in price.

In the end, you should be comfortable with the risk of the investment and only buy shares of UPW when you feel the time is right.