Wells Fargo & Company MN purchased a new stake in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Free Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,000 shares of the exchange traded fund’s stock, valued at approximately $28,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in ProShares Ultra Bloomberg Crude Oil by 50.5% in the third quarter. JPMorgan Chase & Co. now owns 12,890 shares of the exchange traded fund’s stock valued at $328,000 after purchasing an additional 4,323 shares during the period. SG Americas Securities LLC grew its stake in shares of ProShares Ultra Bloomberg Crude Oil by 27.0% in the fourth quarter. SG Americas Securities LLC now owns 5,240 shares of the exchange traded fund’s stock valued at $144,000 after buying an additional 1,114 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at $192,000. Finally, WT Wealth Management purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at $202,000.
ProShares Ultra Bloomberg Crude Oil Stock Performance
Shares of UCO stock opened at $21.81 on Thursday. ProShares Ultra Bloomberg Crude Oil has a fifty-two week low of $17.78 and a fifty-two week high of $35.71. The company has a 50 day moving average price of $22.50 and a 200 day moving average price of $25.47.
ProShares Ultra Bloomberg Crude Oil Profile
ProShares Ultra DJ-UBS Crude Oil seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones UBS Crude Oil Sub-Index. The Dow Jones-UBS Crude Oil Sub-Index is intended to reflect the performance of crude oil as measured by the price of futures contracts of sweet, light crude oil traded on the New York Mercantile Exchange (the NYMEX), including roll costs, without regard to income earned on cash positions.
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Want to see what other hedge funds are holding UCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Free Report).
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