US Bancorp DE Boosts Holdings in ProShares Ultra Financials $UYG

US Bancorp DE raised its holdings in ProShares Ultra Financials (NYSEARCA:UYG) by 60.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 480 shares of the company’s stock after purchasing an additional 180 shares during the quarter. US Bancorp DE’s holdings in ProShares Ultra Financials were worth $43,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new stake in ProShares Ultra Financials in the first quarter valued at $34,000. Cambridge Investment Research Advisors Inc. boosted its holdings in ProShares Ultra Financials by 11.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,981 shares of the company’s stock valued at $444,000 after purchasing an additional 492 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in ProShares Ultra Financials in the first quarter valued at $53,000. Tower Research Capital LLC TRC boosted its holdings in ProShares Ultra Financials by 52.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,837 shares of the company’s stock valued at $413,000 after purchasing an additional 1,663 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC purchased a new stake in ProShares Ultra Financials in the first quarter valued at $201,000.

ProShares Ultra Financials Stock Performance

NYSEARCA:UYG opened at $95.02 on Wednesday. ProShares Ultra Financials has a one year low of $63.09 and a one year high of $99.92. The firm has a market cap of $860.88 million, a price-to-earnings ratio of 17.45 and a beta of 2.08. The firm’s fifty day moving average is $93.79 and its two-hundred day moving average is $89.68.

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.