Cassaday & Co Wealth Management LLC Has $1.25 Million Stock Position in ProShares Ultra Gold $UGL

Cassaday & Co Wealth Management LLC lifted its position in ProShares Ultra Gold (NYSEARCA:UGL) by 218.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 35,936 shares of the company’s stock after purchasing an additional 24,652 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in ProShares Ultra Gold were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in ProShares Ultra Gold by 300.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,080 shares of the company’s stock valued at $141,000 after purchasing an additional 3,060 shares during the last quarter. MGO One Seven LLC raised its stake in ProShares Ultra Gold by 152.8% during the 2nd quarter. MGO One Seven LLC now owns 14,694 shares of the company’s stock valued at $509,000 after purchasing an additional 8,881 shares during the last quarter. Advisory Alpha LLC acquired a new position in ProShares Ultra Gold during the 2nd quarter valued at $929,000. IAM Advisory LLC raised its stake in ProShares Ultra Gold by 300.0% during the 2nd quarter. IAM Advisory LLC now owns 7,988 shares of the company’s stock valued at $277,000 after purchasing an additional 5,991 shares during the last quarter. Finally, Everstar Asset Management LLC acquired a new position in ProShares Ultra Gold during the 1st quarter valued at $7,851,000.

ProShares Ultra Gold Trading Up 0.5%

NYSEARCA:UGL opened at $48.94 on Tuesday. ProShares Ultra Gold has a one year low of $22.39 and a one year high of $58.75. The company has a fifty day moving average price of $45.57 and a 200 day moving average price of $38.94.

ProShares Ultra Gold Profile

ProShares Ultra Gold (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance. The Fund generally invests in financial instruments as a substitute for investing directly in a commodity or currency in order to gain exposure to the commodity index, commodity or currency.