Cerity Partners LLC Reduces Stock Holdings in ProShares Ultra Financials (NYSEARCA:UYG)

Cerity Partners LLC lowered its position in ProShares Ultra Financials (NYSEARCA:UYG) by 8.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,500 shares of the company’s stock after selling 507 shares during the quarter. Cerity Partners LLC owned about 0.06% of ProShares Ultra Financials worth $490,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. purchased a new position in ProShares Ultra Financials during the fourth quarter worth about $205,000. Simplex Trading LLC purchased a new position in ProShares Ultra Financials during the fourth quarter worth about $327,000. Envestnet Asset Management Inc. boosted its stake in ProShares Ultra Financials by 250.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 47,158 shares of the company’s stock worth $4,030,000 after buying an additional 33,688 shares during the period. Freedom Investment Management Inc. purchased a new position in ProShares Ultra Financials during the fourth quarter worth about $612,000. Finally, Tower Research Capital LLC TRC boosted its stake in ProShares Ultra Financials by 52.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,837 shares of the company’s stock worth $413,000 after buying an additional 1,663 shares during the period.

ProShares Ultra Financials Stock Performance

Shares of UYG opened at $98.60 on Friday. The company’s 50-day simple moving average is $92.34 and its 200-day simple moving average is $89.32. The stock has a market capitalization of $895.58 million, a PE ratio of 17.45 and a beta of 2.08. ProShares Ultra Financials has a 1 year low of $62.22 and a 1 year high of $99.92.

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.