PNC Financial Services Group Inc. Reduces Position in ProShares Ultra Financials (NYSEARCA:UYG)

PNC Financial Services Group Inc. lessened its stake in shares of ProShares Ultra Financials (NYSEARCA:UYG) by 65.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,000 shares of the company’s stock after selling 5,790 shares during the period. PNC Financial Services Group Inc.’s holdings in ProShares Ultra Financials were worth $256,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Atria Investments Inc purchased a new stake in shares of ProShares Ultra Financials in the 4th quarter valued at $240,000. Wharton Business Group LLC purchased a new stake in shares of ProShares Ultra Financials in the 4th quarter valued at $215,000. Global Retirement Partners LLC purchased a new stake in shares of ProShares Ultra Financials in the 4th quarter valued at $51,000. Summit Trail Advisors LLC purchased a new stake in shares of ProShares Ultra Financials in the 4th quarter valued at $309,000. Finally, Sanctuary Advisors LLC purchased a new stake in ProShares Ultra Financials during the third quarter worth $232,000.

ProShares Ultra Financials Stock Performance

Shares of NYSEARCA UYG opened at $87.63 on Friday. The company’s fifty day moving average price is $92.16 and its 200 day moving average price is $86.88. ProShares Ultra Financials has a 1 year low of $59.86 and a 1 year high of $99.92. The company has a market capitalization of $839.50 million, a PE ratio of 14.95 and a beta of 2.13.

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.