Good Life Advisors LLC Makes New Investment in ProShares Ultra Financials (NYSEARCA:UYG)

Good Life Advisors LLC acquired a new position in shares of ProShares Ultra Financials (NYSEARCA:UYG) in the 3rd quarter, HoldingsChannel reports. The fund acquired 3,069 shares of the company’s stock, valued at approximately $235,000.

Other large investors also recently modified their holdings of the company. Creative Planning acquired a new stake in shares of ProShares Ultra Financials during the 3rd quarter worth approximately $200,000. Parisi Gray Wealth Management acquired a new stake in shares of ProShares Ultra Financials during the 3rd quarter worth approximately $207,000. Lazari Capital Management Inc. acquired a new stake in ProShares Ultra Financials in the 1st quarter valued at $240,000. Citizens Financial Group Inc. RI acquired a new stake in ProShares Ultra Financials in the 1st quarter valued at $247,000. Finally, Arkadios Wealth Advisors acquired a new stake in ProShares Ultra Financials in the 2nd quarter valued at $346,000.

ProShares Ultra Financials Price Performance

NYSEARCA UYG opened at $84.20 on Monday. The company has a fifty day simple moving average of $75.59 and a 200 day simple moving average of $69.08. ProShares Ultra Financials has a 12-month low of $38.63 and a 12-month high of $84.79.

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.