Global Retirement Partners LLC Takes Position in ProShares Ultra Financials (NYSEARCA:UYG)

Global Retirement Partners LLC bought a new stake in shares of ProShares Ultra Financials (NYSEARCA:UYG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 600 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors have also bought and sold shares of the stock. Creative Planning bought a new position in ProShares Ultra Financials during the 3rd quarter valued at $200,000. Great Valley Advisor Group Inc. purchased a new stake in shares of ProShares Ultra Financials in the third quarter valued at about $212,000. James J. Burns & Company LLC purchased a new stake in shares of ProShares Ultra Financials in the third quarter valued at about $218,000. Plotkin Financial Advisors LLC bought a new position in shares of ProShares Ultra Financials during the third quarter valued at about $219,000. Finally, Private Advisor Group LLC purchased a new position in ProShares Ultra Financials during the third quarter worth about $229,000.

ProShares Ultra Financials Stock Performance

Shares of UYG stock opened at $98.26 on Friday. The company has a market capitalization of $946.24 million, a price-to-earnings ratio of 16.46 and a beta of 2.14. ProShares Ultra Financials has a 52-week low of $59.86 and a 52-week high of $99.00. The company has a 50-day simple moving average of $91.94 and a two-hundred day simple moving average of $85.52.

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.