Independent Financial Group LLC Invests $397,000 in ProShares Ultra Financials $UYG

Independent Financial Group LLC bought a new position in shares of ProShares Ultra Financials (NYSEARCA:UYG) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,413 shares of the company’s stock, valued at approximately $397,000.

Several other large investors have also recently bought and sold shares of UYG. Northwestern Mutual Wealth Management Co. acquired a new stake in ProShares Ultra Financials in the third quarter valued at $82,000. Flagship Harbor Advisors LLC acquired a new position in shares of ProShares Ultra Financials during the 4th quarter worth about $96,000. Arax Advisory Partners acquired a new position in shares of ProShares Ultra Financials during the 4th quarter worth about $192,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of ProShares Ultra Financials during the 2nd quarter worth about $215,000. Finally, Lowery Thomas LLC increased its holdings in shares of ProShares Ultra Financials by 9.1% in the 4th quarter. Lowery Thomas LLC now owns 2,687 shares of the company’s stock valued at $247,000 after acquiring an additional 223 shares during the last quarter.

ProShares Ultra Financials Stock Performance

Shares of NYSEARCA UYG opened at $93.97 on Friday. The stock’s 50-day simple moving average is $85.95 and its 200-day simple moving average is $82.80. The firm has a market capitalization of $810.96 million, a PE ratio of 17.45 and a beta of 1.76. ProShares Ultra Financials has a fifty-two week low of $68.43 and a fifty-two week high of $104.32.

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.