16,136 Shares in ProShares Ultra Materials $UYM Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. acquired a new stake in ProShares Ultra Materials (NYSEARCA:UYM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,136 shares of the company’s stock, valued at approximately $383,000. Envestnet Asset Management Inc. owned 1.12% of ProShares Ultra Materials as of its most recent SEC filing.

ProShares Ultra Materials Price Performance

UYM opened at $23.60 on Thursday. ProShares Ultra Materials has a 12 month low of $17.03 and a 12 month high of $28.98. The stock has a market capitalization of $32.33 million, a P/E ratio of 22.90 and a beta of 2.13. The business has a 50 day simple moving average of $23.26 and a 200-day simple moving average of $23.96.

About ProShares Ultra Materials

ProShares Ultra Basic Materials ETF (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.