HM Payson & Co. Invests $39,000 in ProShares Ultra Silver (NYSEARCA:AGQ)

HM Payson & Co. acquired a new position in shares of ProShares Ultra Silver (NYSEARCA:AGQ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,164 shares of the exchange traded fund’s stock, valued at approximately $39,000.

Several other large investors have also added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new position in ProShares Ultra Silver in the 3rd quarter valued at about $2,566,000. Advisory Alpha LLC lifted its position in ProShares Ultra Silver by 1.9% in the 4th quarter. Advisory Alpha LLC now owns 18,091 shares of the exchange traded fund’s stock valued at $609,000 after acquiring an additional 341 shares in the last quarter. Fiduciary Family Office LLC bought a new position in ProShares Ultra Silver in the 4th quarter valued at about $324,000. Flow Traders U.S. LLC bought a new position in ProShares Ultra Silver in the 3rd quarter valued at about $359,000. Finally, HighTower Advisors LLC bought a new position in ProShares Ultra Silver in the 3rd quarter valued at about $292,000.

ProShares Ultra Silver Stock Down 3.3 %

Shares of NYSEARCA AGQ opened at $40.11 on Tuesday. ProShares Ultra Silver has a fifty-two week low of $26.96 and a fifty-two week high of $50.13. The firm’s 50-day simple moving average is $39.32 and its 200 day simple moving average is $39.50.

ProShares Ultra Silver 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.