Good Life Advisors LLC Takes Position in ProShares Ultra Financials (NYSEARCA:UYG)

Good Life Advisors LLC purchased a new stake in ProShares Ultra Financials (NYSEARCA:UYG) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,069 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors have also made changes to their positions in UYG. Citizens Financial Group Inc. RI bought a new stake in shares of ProShares Ultra Financials in the first quarter worth $247,000. Hamilton Wealth LLC bought a new stake in shares of ProShares Ultra Financials in the first quarter worth $1,712,000. Lazari Capital Management Inc. bought a new stake in shares of ProShares Ultra Financials in the first quarter worth $240,000. Arkadios Wealth Advisors bought a new stake in shares of ProShares Ultra Financials in the second quarter worth $346,000. Finally, Parisi Gray Wealth Management bought a new stake in shares of ProShares Ultra Financials in the third quarter worth $207,000.

ProShares Ultra Financials Price Performance

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

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.