Summit Trail Advisors LLC Acquires New Position in ProShares Ultra Financials (NYSEARCA:UYG)

Summit Trail Advisors LLC bought a new position in shares of ProShares Ultra Financials (NYSEARCA:UYG) in the fourth quarter, Holdings Channel.com reports. The firm bought 3,621 shares of the company’s stock, valued at approximately $309,000.

Several other large investors have also recently modified their holdings of UYG. Sanctuary Advisors LLC bought a new stake in shares of ProShares Ultra Financials during the 3rd quarter valued at $232,000. Plotkin Financial Advisors LLC bought a new stake in shares of ProShares Ultra Financials during the third quarter valued at about $219,000. Great Valley Advisor Group Inc. purchased a new stake in shares of ProShares Ultra Financials in the third quarter worth about $212,000. James J. Burns & Company LLC bought a new position in shares of ProShares Ultra Financials in the third quarter valued at approximately $218,000. Finally, Belvedere Trading LLC purchased a new position in ProShares Ultra Financials during the third quarter valued at approximately $407,000.

ProShares Ultra Financials Stock Down 0.9 %

ProShares Ultra Financials stock opened at $95.45 on Thursday. ProShares Ultra Financials has a 1-year low of $56.95 and a 1-year high of $99.00. The firm’s 50 day simple moving average is $90.19 and its 200 day simple moving average is $83.06.

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.