Corient Private Wealth LLC Decreases Stock Holdings in ProShares Ultra Financials (NYSEARCA:UYG)

Corient Private Wealth LLC reduced its holdings in ProShares Ultra Financials (NYSEARCA:UYG) by 50.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,110 shares of the company’s stock after selling 9,350 shares during the period. Corient Private Wealth LLC’s holdings in ProShares Ultra Financials were worth $779,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in ProShares Ultra Financials during the 4th quarter valued at $51,000. Envestnet Portfolio Solutions Inc. bought a new position in ProShares Ultra Financials during the fourth quarter valued at $205,000. Wharton Business Group LLC purchased a new stake in shares of ProShares Ultra Financials in the fourth quarter valued at $215,000. Great Valley Advisor Group Inc. purchased a new stake in shares of ProShares Ultra Financials in the third quarter valued at $212,000. Finally, Atria Investments Inc bought a new stake in shares of ProShares Ultra Financials in the 4th quarter worth about $240,000.

ProShares Ultra Financials Trading Down 0.4 %

Shares of NYSEARCA:UYG opened at $90.54 on Friday. ProShares Ultra Financials has a 12 month low of $59.86 and a 12 month high of $99.92. The company has a market capitalization of $867.37 million, a price-to-earnings ratio of 14.95 and a beta of 2.13. The firm’s 50-day moving average is $92.49 and its 200 day moving average is $87.24.

ProShares Ultra Financials Increases Dividend

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

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.