Partners Wealth Management LLC Buys 35,032 Shares of ProShares Ultra Gold $UGL

Partners Wealth Management LLC bought a new stake in ProShares Ultra Gold (NYSEARCA:UGL) during the third quarter, Holdings Channel reports. The fund bought 35,032 shares of the company’s stock, valued at approximately $1,602,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UGL. Allen Capital Group LLC grew its position in ProShares Ultra Gold by 8.9% during the first quarter. Allen Capital Group LLC now owns 6,113 shares of the company’s stock valued at $376,000 after acquiring an additional 498 shares during the period. Corient Private Wealth LLC raised its holdings in shares of ProShares Ultra Gold by 17.5% in the 4th quarter. Corient Private Wealth LLC now owns 8,225 shares of the company’s stock worth $457,000 after purchasing an additional 1,225 shares during the period. NewEdge Advisors LLC raised its holdings in shares of ProShares Ultra Gold by 36.1% in the 2nd quarter. NewEdge Advisors LLC now owns 5,000 shares of the company’s stock worth $219,000 after purchasing an additional 1,325 shares during the period. Integrated Advisors Network LLC acquired a new position in shares of ProShares Ultra Gold in the 1st quarter valued at about $246,000. Finally, Dedeker Financial LLC acquired a new position in shares of ProShares Ultra Gold in the 3rd quarter valued at about $1,459,000.

ProShares Ultra Gold Trading Down 2.7%

Shares of NYSEARCA:UGL opened at $42.43 on Friday. ProShares Ultra Gold has a 1 year low of $41.49 and a 1 year high of $90.40. The stock has a 50-day simple moving average of $48.51 and a 200-day simple moving average of $56.44.

ProShares Ultra Gold News Summary

Here are the key news stories impacting ProShares Ultra Gold this week:

• Neutral Sentiment: The Federal Reserve held its policy rate at 3.75%–4.00%, as expected, but the 10-2 vote and the possibility of another rate hike in December kept investors focused on a potentially prolonged restrictive-policy environment. Gold price drops as Fed votes to hold rates

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. The Funds may purchase United States Treasury Bills, agency securities, and other high-credit quality short-term fixed income or similar securities with original maturities of one year or less.