Arkadios Wealth Advisors Invests $346,000 in ProShares Ultra Financials (NYSEARCA:UYG)

Arkadios Wealth Advisors bought a new stake in shares of ProShares Ultra Financials (NYSEARCA:UYG) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,400 shares of the company’s stock, valued at approximately $346,000.

Several other hedge funds also recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in shares of ProShares Ultra Financials by 2,903.2% in the 4th quarter. CWM LLC now owns 931 shares of the company’s stock valued at $51,000 after buying an additional 900 shares during the period. Lazari Capital Management Inc. purchased a new position in ProShares Ultra Financials during the first quarter valued at approximately $240,000. Citizens Financial Group Inc. RI purchased a new position in ProShares Ultra Financials during the first quarter valued at approximately $247,000. Finally, Hamilton Wealth LLC acquired a new position in ProShares Ultra Financials in the first quarter valued at approximately $1,712,000.

ProShares Ultra Financials Stock Up 1.9 %

Shares of NYSEARCA UYG opened at $77.99 on Friday. The firm’s 50 day simple moving average is $68.92 and its 200-day simple moving average is $65.77. ProShares Ultra Financials has a 12 month low of $38.63 and a 12 month high of $78.08.

ProShares Ultra Financials 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.