7,164 Shares in ProShares Ultra Financials (NYSEARCA:UYG) Purchased by Freedom Investment Management Inc.

Freedom Investment Management Inc. acquired a new stake in ProShares Ultra Financials (NYSEARCA:UYG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,164 shares of the company’s stock, valued at approximately $612,000. Freedom Investment Management Inc. owned 0.07% of ProShares Ultra Financials as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in ProShares Ultra Financials during the 4th quarter worth $51,000. WealthTrust Asset Management LLC acquired a new stake in ProShares Ultra Financials during the fourth quarter worth about $205,000. Envestnet Portfolio Solutions Inc. bought a new position in ProShares Ultra Financials in the 4th quarter valued at about $205,000. Wharton Business Group LLC acquired a new position in shares of ProShares Ultra Financials in the 4th quarter valued at approximately $215,000. Finally, Atria Investments Inc bought a new stake in shares of ProShares Ultra Financials during the 4th quarter worth approximately $240,000.

ProShares Ultra Financials Price Performance

Shares of UYG opened at $76.74 on Friday. The firm has a 50 day simple moving average of $86.38 and a two-hundred day simple moving average of $87.59. The company has a market cap of $722.12 million, a P/E ratio of 14.75 and a beta of 1.94. ProShares Ultra Financials has a one year low of $61.52 and a one year high of $99.92.

ProShares Ultra Financials Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a $0.2736 dividend. The ex-dividend date was Wednesday, March 26th. This is a boost from ProShares Ultra Financials’s previous dividend of $0.11.

ProShares Ultra Financials Company Profile

ProShares Ultra Financials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Financials Index. The Dow Jones U.S. Financials Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies, such as credit card issuers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges.