PNC Financial Services Group Inc. Sells 1,500 Shares of ProShares Ultra Financials $UYG

PNC Financial Services Group Inc. decreased its holdings in ProShares Ultra Financials (NYSEARCA:UYG) by 50.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,500 shares of the company’s stock after selling 1,500 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ProShares Ultra Financials were worth $134,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its stake in shares of ProShares Ultra Financials by 250.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 47,158 shares of the company’s stock valued at $4,030,000 after buying an additional 33,688 shares during the period. Focus Partners Wealth increased its stake in shares of ProShares Ultra Financials by 29.9% in the 4th quarter. Focus Partners Wealth now owns 11,695 shares of the company’s stock valued at $999,000 after buying an additional 2,695 shares during the period. Waverly Advisors LLC acquired a new stake in shares of ProShares Ultra Financials in the 4th quarter valued at $876,000. Jane Street Group LLC acquired a new stake in shares of ProShares Ultra Financials in the 4th quarter valued at $654,000. Finally, WealthTrust Asset Management LLC increased its stake in shares of ProShares Ultra Financials by 150.0% in the 1st quarter. WealthTrust Asset Management LLC now owns 6,000 shares of the company’s stock valued at $535,000 after buying an additional 3,600 shares during the period.

ProShares Ultra Financials Stock Up 0.2%

Shares of ProShares Ultra Financials stock opened at $95.02 on Wednesday. ProShares Ultra Financials has a 12 month low of $63.09 and a 12 month high of $99.92. The business has a fifty day simple moving average of $93.79 and a 200 day simple moving average of $89.68. The stock has a market cap of $860.88 million, a PE ratio of 17.45 and a beta of 2.08.

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.