Beirne Wealth Consulting Services LLC trimmed its stake in ProShares Ultra Financials (NYSEARCA:UYG) by 17.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,484 shares of the company’s stock after selling 2,000 shares during the period. Beirne Wealth Consulting Services LLC owned approximately 0.06% of ProShares Ultra Financials worth $510,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sanders Morris Harris LLC grew its position in shares of ProShares Ultra Financials by 12.5% in the 4th quarter. Sanders Morris Harris LLC now owns 9,000 shares of the company’s stock valued at $360,000 after buying an additional 1,000 shares during the last quarter. Bank of America Corp DE grew its position in shares of ProShares Ultra Financials by 7.8% in the 2nd quarter. Bank of America Corp DE now owns 18,168 shares of the company’s stock valued at $817,000 after buying an additional 1,320 shares during the last quarter. LPL Financial LLC boosted its stake in ProShares Ultra Financials by 25.3% during the 2nd quarter. LPL Financial LLC now owns 16,045 shares of the company’s stock worth $721,000 after purchasing an additional 3,243 shares during the period. Creative Planning boosted its stake in ProShares Ultra Financials by 64.4% during the 3rd quarter. Creative Planning now owns 9,962 shares of the company’s stock worth $467,000 after purchasing an additional 3,902 shares during the period. Finally, Private Ocean LLC acquired a new stake in ProShares Ultra Financials during the 3rd quarter worth $378,000.
Shares of NYSEARCA:UYG opened at $54.54 on Tuesday. The firm has a fifty day moving average price of $52.70 and a 200 day moving average price of $48.12. ProShares Ultra Financials has a 1-year low of $34.20 and a 1-year high of $54.57.
About ProShares Ultra Financials
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.
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