Sculati Wealth Management LLC Invests $201,000 in ProShares Ultra Financials $UYG

Sculati Wealth Management LLC acquired a new stake in ProShares Ultra Financials (NYSEARCA:UYG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,100 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in ProShares Ultra Financials during the 1st quarter worth approximately $34,000. US Bancorp DE grew its stake in shares of ProShares Ultra Financials by 60.0% in the first quarter. US Bancorp DE now owns 480 shares of the company’s stock worth $43,000 after purchasing an additional 180 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in ProShares Ultra Financials by 26.7% in the second quarter. Farther Finance Advisors LLC now owns 760 shares of the company’s stock valued at $73,000 after purchasing an additional 160 shares during the period. CWM LLC increased its holdings in ProShares Ultra Financials by 53.3% in the second quarter. CWM LLC now owns 1,380 shares of the company’s stock valued at $132,000 after purchasing an additional 480 shares during the period. Finally, Summit Financial LLC bought a new position in ProShares Ultra Financials during the 1st quarter worth $207,000.

ProShares Ultra Financials Trading Down 1.8%

Shares of UYG opened at $93.09 on Friday. The stock’s 50-day moving average price is $96.33 and its two-hundred day moving average price is $94.01. 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 $826.64 million, a PE ratio of 17.45 and a beta of 2.02.

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.