ProShares Ultra Financials (NYSEARCA:UYG) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in ProShares Ultra Financials (NYSEARCA:UYG) by 250.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,158 shares of the company’s stock after purchasing an additional 33,688 shares during the period. Envestnet Asset Management Inc. owned approximately 0.45% of ProShares Ultra Financials worth $4,030,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of UYG. Global Retirement Partners LLC acquired a new stake in ProShares Ultra Financials during the 4th quarter valued at approximately $51,000. Envestnet Portfolio Solutions Inc. acquired a new position in ProShares Ultra Financials during the fourth quarter valued at $205,000. WealthTrust Asset Management LLC purchased a new stake in ProShares Ultra Financials in the fourth quarter valued at $205,000. Wharton Business Group LLC acquired a new stake in ProShares Ultra Financials during the 4th quarter worth about $215,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of ProShares Ultra Financials during the 3rd quarter valued at about $232,000.

ProShares Ultra Financials Stock Up 2.2 %

Shares of UYG opened at $79.91 on Thursday. The company has a market capitalization of $751.95 million, a price-to-earnings ratio of 14.75 and a beta of 1.94. ProShares Ultra Financials has a 52 week low of $61.52 and a 52 week high of $99.92. The stock’s 50-day moving average price is $85.22 and its 200-day moving average price is $87.53.

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.