WealthCare Asset Management LLC Makes New Investment in ProShares Ultra Financials $UYG

WealthCare Asset Management LLC bought a new position in shares of ProShares Ultra Financials (NYSEARCA:UYG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 28,089 shares of the company’s stock, valued at approximately $2,740,000. ProShares Ultra Financials accounts for 1.8% of WealthCare Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. WealthCare Asset Management LLC owned about 0.32% of ProShares Ultra Financials at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UYG. Focus Partners Wealth boosted its position in ProShares Ultra Financials by 71.3% during the fourth quarter. Focus Partners Wealth now owns 24,179 shares of the company’s stock worth $2,302,000 after purchasing an additional 10,063 shares during the period. CIBC Bancorp USA Inc. bought a new position in ProShares Ultra Financials during the third quarter worth about $709,000. Wealthspire Advisors LLC boosted its position in ProShares Ultra Financials by 399,100.0% during the fourth quarter. Wealthspire Advisors LLC now owns 3,992 shares of the company’s stock worth $366,000 after purchasing an additional 3,991 shares during the period. Texas Capital Bank Wealth Management Services Inc bought a new position in ProShares Ultra Financials during the fourth quarter worth about $351,000. Finally, Truist Financial Corp boosted its position in ProShares Ultra Financials by 103.2% during the fourth quarter. Truist Financial Corp now owns 7,314 shares of the company’s stock worth $671,000 after purchasing an additional 3,714 shares during the period.

ProShares Ultra Financials Stock Up 3.0%

Shares of NYSEARCA:UYG opened at $87.47 on Wednesday. The firm has a market capitalization of $767.99 million, a PE ratio of 17.45 and a beta of 1.77. ProShares Ultra Financials has a twelve month low of $68.43 and a twelve month high of $104.32. The company has a 50-day moving average price of $80.00 and a two-hundred day moving average price of $84.05.

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.