602 Shares in ProShares Ultra Financials (NYSEARCA:UYG) Bought by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners acquired a new position in ProShares Ultra Financials (NYSEARCA:UYG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 602 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kennedy Investment Group purchased a new position in shares of ProShares Ultra Financials in the 4th quarter worth $226,000. Toth Financial Advisory Corp grew its stake in shares of ProShares Ultra Financials by 1.7% in the 4th quarter. Toth Financial Advisory Corp now owns 91,353 shares of the company’s stock worth $5,043,000 after buying an additional 1,519 shares in the last quarter. Dimension Capital Management LLC purchased a new position in shares of ProShares Ultra Financials in the 3rd quarter worth $222,000. HighTower Advisors LLC grew its stake in shares of ProShares Ultra Financials by 5.4% in the 3rd quarter. HighTower Advisors LLC now owns 47,524 shares of the company’s stock worth $2,071,000 after buying an additional 2,426 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC purchased a new position in shares of ProShares Ultra Financials in the 3rd quarter worth $257,000.

ProShares Ultra Financials Price Performance

Shares of NYSEARCA:UYG opened at $64.74 on Wednesday. ProShares Ultra Financials has a 52 week low of $38.63 and a 52 week high of $68.50. The firm has a fifty day simple moving average of $63.68 and a two-hundred day simple moving average of $55.29.

ProShares Ultra Financials Company 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.