Envestnet Portfolio Solutions Inc. Buys Shares of 2,402 ProShares Ultra Financials (NYSEARCA:UYG)

Envestnet Portfolio Solutions Inc. purchased a new position in shares of ProShares Ultra Financials (NYSEARCA:UYG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,402 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also modified their holdings of UYG. Global Retirement Partners LLC acquired a new stake in ProShares Ultra Financials in the 4th quarter worth approximately $51,000. Sanctuary Advisors LLC acquired a new stake in shares of ProShares Ultra Financials in the third quarter worth $232,000. Wharton Business Group LLC bought a new stake in shares of ProShares Ultra Financials during the 4th quarter worth $215,000. Atria Investments Inc bought a new stake in shares of ProShares Ultra Financials during the 4th quarter worth $240,000. Finally, Summit Trail Advisors LLC acquired a new position in ProShares Ultra Financials in the 4th quarter valued at $309,000.

ProShares Ultra Financials Price Performance

ProShares Ultra Financials stock opened at $86.93 on Friday. ProShares Ultra Financials has a fifty-two week low of $59.86 and a fifty-two week high of $99.92. The firm has a fifty day moving average price of $92.39 and a two-hundred day moving average price of $87.32. The firm has a market cap of $832.79 million, a price-to-earnings ratio of 14.95 and a beta of 2.13.

ProShares Ultra Financials Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be given a dividend of $0.2736 per share. The ex-dividend date is Wednesday, March 26th. This is a boost from ProShares Ultra Financials’s previous dividend of $0.11.

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.