Visionary Asset Management Inc. Takes Position in ProShares Ultra 7-10 Year Treasury (UST)

Visionary Asset Management Inc. acquired a new stake in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 18,111 shares of the company’s stock, valued at approximately $1,017,000. ProShares Ultra 7-10 Year Treasury makes up about 0.4% of Visionary Asset Management Inc.’s portfolio, making the stock its 15th largest holding. Visionary Asset Management Inc. owned approximately 1.91% of ProShares Ultra 7-10 Year Treasury at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UST. Jane Street Group LLC raised its holdings in ProShares Ultra 7-10 Year Treasury by 6,743.0% in the 3rd quarter. Jane Street Group LLC now owns 479,966 shares of the company’s stock valued at $25,236,000 after acquiring an additional 472,952 shares in the last quarter. GenWealth Group Inc. raised its holdings in ProShares Ultra 7-10 Year Treasury by 10.7% in the 3rd quarter. GenWealth Group Inc. now owns 49,388 shares of the company’s stock valued at $2,592,000 after acquiring an additional 4,774 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in ProShares Ultra 7-10 Year Treasury in the 3rd quarter valued at $120,000.

NYSEARCA UST traded up $0.30 during midday trading on Friday, hitting $55.71. The company had a trading volume of 21,328 shares, compared to its average volume of 82,293. ProShares Ultra 7-10 Year Treasury has a twelve month low of $51.12 and a twelve month high of $57.20.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 3rd. Stockholders of record on Thursday, December 27th were issued a dividend of $0.3511 per share. The ex-dividend date of this dividend was Wednesday, December 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.52%. This is a boost from ProShares Ultra 7-10 Year Treasury’s previous quarterly dividend of $0.25.

WARNING: This piece was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2019/01/11/visionary-asset-management-inc-takes-position-in-proshares-ultra-7-10-year-treasury-ust.html.

ProShares Ultra 7-10 Year Treasury Company Profile

ProShares Ultra 7-10 Year Treasury (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index (the Index). The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity of between 7 and 10 years, are non-convertible, are denominated in United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.

Featured Article: What is the Dividend Aristocrat Index?

Want to see what other hedge funds are holding UST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST).

Institutional Ownership by Quarter for ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST)

Receive News & Ratings for ProShares Ultra 7-10 Year Treasury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra 7-10 Year Treasury and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply