ProShares Ultra Financials $UYG Shares Newly Acquired by Toth Financial Advisory Corp

Toth Financial Advisory Corp acquired a new position in ProShares Ultra Financials (NYSEARCA:UYG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 28,245 shares of the company’s stock, valued at approximately $2,363,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. WealthCare Asset Management LLC acquired a new position in shares of ProShares Ultra Financials during the fourth quarter valued at about $2,740,000. Corient Private Wealth LP acquired a new position in ProShares Ultra Financials during the second quarter worth $2,011,000. Quantinno Capital Management LP lifted its holdings in ProShares Ultra Financials by 307.1% during the 1st quarter. Quantinno Capital Management LP now owns 12,721 shares of the company’s stock valued at $934,000 after purchasing an additional 9,596 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of ProShares Ultra Financials in the 1st quarter worth approximately $397,000. Finally, Cassaday & Co Wealth Management LLC grew its holdings in shares of ProShares Ultra Financials by 14.4% during the first quarter. Cassaday & Co Wealth Management LLC now owns 39,801 shares of the company’s stock worth $2,922,000 after purchasing an additional 5,000 shares during the last quarter.

ProShares Ultra Financials Stock Performance

UYG traded up $0.87 during midday trading on Thursday, hitting $85.53. The company had a trading volume of 4,273 shares, compared to its average volume of 16,294. ProShares Ultra Financials has a twelve month low of $68.43 and a twelve month high of $104.32. The company has a market capitalization of $716.75 million, a PE ratio of 17.45 and a beta of 1.78. The firm’s 50-day simple moving average is $94.43 and its 200-day simple moving average is $86.86.

ProShares Ultra Financials 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.