Envestnet Portfolio Solutions Inc. Invests $205,000 in ProShares Ultra Financials (NYSEARCA:UYG)

Envestnet Portfolio Solutions Inc. purchased a new stake in shares of ProShares Ultra Financials (NYSEARCA:UYG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,402 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds have also added to or reduced their stakes in UYG. Sollinda Capital Management LLC acquired a new stake in ProShares Ultra Financials during the 4th quarter worth approximately $248,000. Atria Investments Inc bought a new position in ProShares Ultra Financials during the fourth quarter worth about $240,000. Wharton Business Group LLC bought a new stake in ProShares Ultra Financials in the 4th quarter valued at about $215,000. Global Retirement Partners LLC acquired a new position in shares of ProShares Ultra Financials during the 4th quarter worth approximately $51,000. Finally, Summit Trail Advisors LLC acquired a new stake in shares of ProShares Ultra Financials in the fourth quarter valued at approximately $309,000.

ProShares Ultra Financials Price Performance

ProShares Ultra Financials stock opened at $86.93 on Friday. The stock’s fifty day moving average price is $92.39 and its two-hundred day moving average price is $87.32. The firm has a market cap of $832.79 million, a PE ratio of 14.95 and a beta of 2.13. ProShares Ultra Financials has a one year low of $59.86 and a one year high of $99.92.

ProShares Ultra Financials Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.2736 per share. This is an increase from ProShares Ultra Financials’s previous dividend of $0.11. The ex-dividend date is Wednesday, March 26th.

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.