ProShares Ultra Financials $UYG Shares Bought by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC increased its stake in ProShares Ultra Financials (NYSEARCA:UYG) by 25.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 34,801 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in ProShares Ultra Financials were worth $3,325,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UYG. Chicago Partners Investment Group LLC boosted its holdings in ProShares Ultra Financials by 44.7% in the 1st quarter. Chicago Partners Investment Group LLC now owns 8,945 shares of the company’s stock worth $767,000 after acquiring an additional 2,763 shares during the period. Freedom Investment Management Inc. raised its stake in shares of ProShares Ultra Financials by 8.6% during the first quarter. Freedom Investment Management Inc. now owns 7,778 shares of the company’s stock valued at $693,000 after purchasing an additional 614 shares during the period. WealthTrust Asset Management LLC lifted its position in shares of ProShares Ultra Financials by 150.0% during the first quarter. WealthTrust Asset Management LLC now owns 6,000 shares of the company’s stock worth $535,000 after purchasing an additional 3,600 shares in the last quarter. Belvedere Trading LLC boosted its stake in shares of ProShares Ultra Financials by 21.9% in the first quarter. Belvedere Trading LLC now owns 5,000 shares of the company’s stock valued at $446,000 after purchasing an additional 899 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in ProShares Ultra Financials by 11.0% during the 1st 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 in the last quarter.

ProShares Ultra Financials Price Performance

ProShares Ultra Financials stock opened at $92.13 on Tuesday. ProShares Ultra Financials has a 12-month low of $63.09 and a 12-month high of $102.00. The company has a market capitalization of $820.88 million, a price-to-earnings ratio of 17.45 and a beta of 2.02. The firm’s fifty day moving average price is $97.13 and its 200 day moving average price is $93.24.

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.