2,520 Shares in ProShares Ultra Financials (NYSEARCA:UYG) Bought by Wharton Business Group LLC

Wharton Business Group LLC bought a new position in shares of ProShares Ultra Financials (NYSEARCA:UYG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,520 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in shares of ProShares Ultra Financials in the 4th quarter worth approximately $51,000. Creative Planning acquired a new position in ProShares Ultra Financials in the third quarter valued at $200,000. Great Valley Advisor Group Inc. bought a new stake in ProShares Ultra Financials during the third quarter valued at $212,000. James J. Burns & Company LLC acquired a new stake in ProShares Ultra Financials during the 3rd quarter worth about $218,000. Finally, Plotkin Financial Advisors LLC bought a new position in shares of ProShares Ultra Financials in the 3rd quarter worth about $219,000.

ProShares Ultra Financials Price Performance

Shares of NYSEARCA:UYG opened at $93.28 on Monday. ProShares Ultra Financials has a 1 year low of $59.86 and a 1 year high of $99.00. The business’s 50-day moving average is $91.05 and its 200-day moving average is $84.68. The company has a market capitalization of $898.29 million, a price-to-earnings ratio of 16.46 and a beta of 2.14.

ProShares Ultra Financials 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.