Savior LLC trimmed its position in ProShares Ultra Silver (NYSEARCA:AGQ – Free Report) by 60.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,395 shares of the exchange traded fund’s stock after selling 17,494 shares during the quarter. ProShares Ultra Silver accounts for approximately 6.4% of Savior LLC’s portfolio, making the stock its 7th largest holding. Savior LLC’s holdings in ProShares Ultra Silver were worth $1,768,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management purchased a new stake in shares of ProShares Ultra Silver during the 4th quarter worth about $50,000. Wealth Enhancement Advisory Services LLC purchased a new position in ProShares Ultra Silver in the fourth quarter valued at approximately $376,000. Mercer Global Advisors Inc. ADV purchased a new position in ProShares Ultra Silver in the third quarter valued at approximately $301,000. Flow Traders U.S. LLC acquired a new position in ProShares Ultra Silver during the third quarter valued at approximately $665,000. Finally, Advisory Alpha LLC lifted its position in ProShares Ultra Silver by 10.1% during the third quarter. Advisory Alpha LLC now owns 21,168 shares of the exchange traded fund’s stock valued at $1,608,000 after buying an additional 1,938 shares in the last quarter.
ProShares Ultra Silver Trading Up 0.4%
AGQ opened at $103.83 on Tuesday. ProShares Ultra Silver has a 52-week low of $31.88 and a 52-week high of $431.47. The company has a 50 day moving average of $172.73 and a two-hundred day moving average of $134.63.
ProShares Ultra Silver Company Profile
ProShares Ultra Silver (the Fund) seeks to provide daily investment results that correspond to twice (200%) the daily performance as measured by the United States dollar fixing price for delivery in London. The Fund will not directly or physically hold the underlying silver, but instead will seek exposure to silver through the use of financial instruments, whose value is based on the underlying price of silver to pursue their investment objective. The benchmark price of silver will be the United States dollar price of silver bullion as measured by the London fixing price per troy ounce of unallocated silver bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.
Further Reading
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