ProShares Ultra Financials $UYG Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of ProShares Ultra Financials (NYSEARCA:UYG) by 307.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,721 shares of the company’s stock after acquiring an additional 9,596 shares during the period. Quantinno Capital Management LP’s holdings in ProShares Ultra Financials were worth $934,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Bank of America Corp DE lifted its position in ProShares Ultra Financials by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 6,146 shares of the company’s stock worth $587,000 after acquiring an additional 126 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in ProShares Ultra Financials in the second quarter valued at approximately $215,000. Creative Planning raised its stake in shares of ProShares Ultra Financials by 16.0% during the third quarter. Creative Planning now owns 4,296 shares of the company’s stock valued at $426,000 after purchasing an additional 593 shares during the period. Focus Partners Wealth raised its stake in shares of ProShares Ultra Financials by 20.6% during the third quarter. Focus Partners Wealth now owns 14,116 shares of the company’s stock valued at $1,401,000 after purchasing an additional 2,413 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of ProShares Ultra Financials during the third quarter worth $82,000.

ProShares Ultra Financials Stock Performance

Shares of UYG stock opened at $99.62 on Monday. The company has a market capitalization of $862.71 million, a PE ratio of 17.45 and a beta of 1.75. The firm has a fifty day simple moving average of $91.50 and a 200-day simple moving average of $83.50. ProShares Ultra Financials has a twelve month low of $68.43 and a twelve month high of $104.32.

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.