WealthTrust Asset Management LLC Invests $205,000 in ProShares Ultra Financials (NYSEARCA:UYG)

WealthTrust Asset Management LLC bought a new position in ProShares Ultra Financials (NYSEARCA:UYG) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 2,400 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new stake in shares of ProShares Ultra Financials in the 4th quarter worth about $51,000. Envestnet Portfolio Solutions Inc. purchased a new position in ProShares Ultra Financials during the 4th quarter valued at about $205,000. Wharton Business Group LLC purchased a new position in ProShares Ultra Financials during the 4th quarter valued at about $215,000. Great Valley Advisor Group Inc. purchased a new position in ProShares Ultra Financials during the 3rd quarter valued at about $212,000. Finally, Atria Investments Inc purchased a new position in ProShares Ultra Financials during the 4th quarter valued at about $240,000.

ProShares Ultra Financials Price Performance

Shares of NYSEARCA UYG opened at $84.49 on Friday. ProShares Ultra Financials has a 1 year low of $59.86 and a 1 year high of $99.92. The stock has a market cap of $809.41 million, a P/E ratio of 14.95 and a beta of 2.13. The firm has a 50-day moving average of $91.91 and a 200 day moving average of $86.51.

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.