WealthTrust Asset Management LLC Makes New $205,000 Investment in ProShares Ultra Financials (NYSEARCA:UYG)

WealthTrust Asset Management LLC purchased a new position in ProShares Ultra Financials (NYSEARCA:UYG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,400 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors have also bought and sold shares of the stock. Global Retirement Partners LLC acquired a new stake in ProShares Ultra Financials in the fourth quarter worth $51,000. Envestnet Portfolio Solutions Inc. acquired a new stake in ProShares Ultra Financials in the fourth quarter worth $205,000. Wharton Business Group LLC acquired a new stake in ProShares Ultra Financials in the fourth quarter worth $215,000. Great Valley Advisor Group Inc. acquired a new stake in ProShares Ultra Financials in the third quarter worth $212,000. Finally, Atria Investments Inc acquired a new stake in ProShares Ultra Financials in the fourth quarter worth $240,000.

ProShares Ultra Financials Trading Up 4.5 %

NYSEARCA:UYG opened at $84.49 on Friday. The stock has a market capitalization of $809.41 million, a price-to-earnings ratio of 14.95 and a beta of 2.13. The firm has a fifty day simple moving average of $91.91 and a two-hundred day simple moving average of $86.51. ProShares Ultra Financials has a 12 month low of $59.86 and a 12 month high of $99.92.

About ProShares Ultra Financials

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.