Strategic Investment Solutions Inc. IL Buys New Shares in ProShares Ultra Financials (NYSEARCA:UYG)

Strategic Investment Solutions Inc. IL bought a new stake in ProShares Ultra Financials (NYSEARCA:UYG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,200 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds and other institutional investors have also modified their holdings of UYG. Creative Planning bought a new position in ProShares Ultra Financials during the third quarter worth about $200,000. Parisi Gray Wealth Management bought a new position in ProShares Ultra Financials during the third quarter worth about $207,000. Private Advisor Group LLC bought a new position in ProShares Ultra Financials during the third quarter worth about $229,000. Good Life Advisors LLC bought a new position in ProShares Ultra Financials during the third quarter worth about $235,000. Finally, Lazari Capital Management Inc. bought a new position in ProShares Ultra Financials during the first quarter worth about $240,000.

ProShares Ultra Financials Trading Up 0.1 %

ProShares Ultra Financials stock traded up $0.12 during midday trading on Friday, reaching $82.51. 3,158 shares of the company’s stock were exchanged, compared to its average volume of 26,771. ProShares Ultra Financials has a 52 week low of $38.63 and a 52 week high of $84.79. The stock’s 50-day simple moving average is $76.69 and its 200 day simple moving average is $69.50.

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.