Allworth Financial LP Purchases New Shares in ProShares Ultra Financials (NYSEARCA:UYG)

Allworth Financial LP acquired a new stake in shares of ProShares Ultra Financials (NYSEARCA:UYG) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 420 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of ProShares Ultra Financials by 11.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,981 shares of the company’s stock valued at $444,000 after purchasing an additional 492 shares during the period. Dale Q Rice Investment Management Ltd purchased a new position in shares of ProShares Ultra Financials during the first quarter valued at approximately $215,000. Farther Finance Advisors LLC purchased a new position in shares of ProShares Ultra Financials during the first quarter valued at approximately $53,000. Regent Peak Wealth Advisors LLC bought a new stake in shares of ProShares Ultra Financials in the 1st quarter worth approximately $201,000. Finally, Waverly Advisors LLC bought a new stake in ProShares Ultra Financials in the fourth quarter worth $876,000.

ProShares Ultra Financials Stock Performance

Shares of UYG stock opened at $95.52 on Friday. The company’s 50-day moving average is $91.81 and its 200 day moving average is $88.93. ProShares Ultra Financials has a one year low of $62.22 and a one year high of $99.92. The company has a market capitalization of $870.00 million, a price-to-earnings ratio of 17.45 and a beta of 2.08.

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.