WT Wealth Management Acquires New Shares in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

WT Wealth Management purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,341 shares of the exchange traded fund’s stock, valued at approximately $202,000.

Several other hedge funds also recently bought and sold shares of the stock. Baker Avenue Asset Management LP purchased a new position in ProShares Ultra Bloomberg Crude Oil during the third quarter worth $636,000. IHT Wealth Management LLC purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter valued at $376,000. JPMorgan Chase & Co. grew its position in shares of ProShares Ultra Bloomberg Crude Oil by 50.5% in the third quarter. JPMorgan Chase & Co. now owns 12,890 shares of the exchange traded fund’s stock valued at $328,000 after purchasing an additional 4,323 shares during the period. Spire Wealth Management purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at $192,000. Finally, SG Americas Securities LLC grew its position in shares of ProShares Ultra Bloomberg Crude Oil by 27.0% in the fourth quarter. SG Americas Securities LLC now owns 5,240 shares of the exchange traded fund’s stock valued at $144,000 after purchasing an additional 1,114 shares during the period.

ProShares Ultra Bloomberg Crude Oil Stock Down 1.3 %

Shares of NYSEARCA:UCO opened at $25.79 on Thursday. ProShares Ultra Bloomberg Crude Oil has a 52 week low of $22.88 and a 52 week high of $36.51. The business has a fifty day simple moving average of $28.12 and a 200-day simple moving average of $27.28.

ProShares Ultra Bloomberg Crude Oil Company Profile

ProShares Ultra DJ-UBS Crude Oil seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones UBS Crude Oil Sub-Index. The Dow Jones-UBS Crude Oil Sub-Index is intended to reflect the performance of crude oil as measured by the price of futures contracts of sweet, light crude oil traded on the New York Mercantile Exchange (the NYMEX), including roll costs, without regard to income earned on cash positions.