Freedom Investment Management Inc. Acquires Shares of 7,164 ProShares Ultra Financials (NYSEARCA:UYG)

Freedom Investment Management Inc. bought a new position in ProShares Ultra Financials (NYSEARCA:UYG) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,164 shares of the company’s stock, valued at approximately $612,000.

Several other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in shares of ProShares Ultra Financials by 250.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 47,158 shares of the company’s stock worth $4,030,000 after purchasing an additional 33,688 shares during the period. Simplex Trading LLC purchased a new stake in ProShares Ultra Financials in the fourth quarter worth approximately $327,000. Summit Trail Advisors LLC bought a new position in ProShares Ultra Financials during the fourth quarter valued at approximately $309,000. Sanctuary Advisors LLC bought a new stake in shares of ProShares Ultra Financials in the 3rd quarter worth approximately $232,000. Finally, Sollinda Capital Management LLC purchased a new stake in shares of ProShares Ultra Financials in the 4th quarter valued at $248,000.

ProShares Ultra Financials Stock Up 0.4 %

Shares of NYSEARCA:UYG opened at $76.74 on Friday. The stock has a market cap of $722.12 million, a PE ratio of 14.75 and a beta of 1.94. ProShares Ultra Financials has a 52 week low of $61.52 and a 52 week high of $99.92. The company’s fifty day moving average is $86.38 and its 200 day moving average is $87.59.

ProShares Ultra Financials Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.2736 dividend. This is a boost from ProShares Ultra Financials’s previous dividend of $0.11. The ex-dividend date was Wednesday, March 26th.

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.