Brookstone Capital Management Takes $518,000 Position in ProShares Ultra Silver $AGQ

Brookstone Capital Management bought a new position in ProShares Ultra Silver (NYSEARCA:AGQ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,800 shares of the exchange traded fund’s stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC purchased a new stake in ProShares Ultra Silver in the 3rd quarter worth approximately $35,000. Steward Partners Investment Advisory LLC purchased a new stake in ProShares Ultra Silver in the second quarter worth $56,000. Group One Trading LLC bought a new stake in ProShares Ultra Silver in the second quarter valued at $145,000. Osaic Holdings Inc. increased its position in ProShares Ultra Silver by 8.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,220 shares of the exchange traded fund’s stock valued at $200,000 after purchasing an additional 345 shares during the period. Finally, HighTower Advisors LLC bought a new position in ProShares Ultra Silver in the 1st quarter worth $219,000.

ProShares Ultra Silver Stock Up 9.5%

Shares of AGQ opened at $182.16 on Wednesday. ProShares Ultra Silver has a 1-year low of $31.88 and a 1-year high of $200.62. The firm’s 50-day moving average price is $108.99 and its 200-day moving average price is $77.16.

About ProShares Ultra Silver

ProShares Ultra Silver (the Fund) seeks to provide daily investment results that correspond to twice (200%) the daily performance as measured by the United States dollar fixing price for delivery in London. The Fund will not directly or physically hold the underlying silver, but instead will seek exposure to silver through the use of financial instruments, whose value is based on the underlying price of silver to pursue their investment objective. The benchmark price of silver will be the United States dollar price of silver bullion as measured by the London fixing price per troy ounce of unallocated silver bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.