Allworth Financial LP Makes New Investment in ProShares Ultra Financials (NYSEARCA:UYG)

Allworth Financial LP bought a new stake in ProShares Ultra Financials (NYSEARCA:UYG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 420 shares of the company’s stock, valued at approximately $34,000.

A number of other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in shares of ProShares Ultra Financials during the 1st quarter valued at $53,000. Regent Peak Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra Financials in the first quarter worth about $201,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of ProShares Ultra Financials in the fourth quarter valued at approximately $205,000. Dale Q Rice Investment Management Ltd purchased a new position in ProShares Ultra Financials during the first quarter valued at approximately $215,000. Finally, Simplex Trading LLC purchased a new position in ProShares Ultra Financials during the fourth quarter valued at approximately $327,000.

ProShares Ultra Financials Price Performance

NYSEARCA UYG opened at $95.52 on Friday. The company’s 50 day simple moving average is $91.81 and its two-hundred day simple moving average is $88.93. ProShares Ultra Financials has a 1 year low of $62.22 and a 1 year high of $99.92. The stock has a market capitalization of $870.00 million, a PE ratio of 17.45 and a beta of 2.08.

About ProShares Ultra Financials

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.