Summit Trail Advisors LLC Takes Position in ProShares Ultra Financials (NYSEARCA:UYG)

Summit Trail Advisors LLC acquired a new position in shares of ProShares Ultra Financials (NYSEARCA:UYG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,621 shares of the company’s stock, valued at approximately $309,000.

A number of other hedge funds have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in ProShares Ultra Financials in the third quarter valued at approximately $92,000. Creative Planning bought a new stake in shares of ProShares Ultra Financials in the 3rd quarter valued at $200,000. Great Valley Advisor Group Inc. acquired a new position in shares of ProShares Ultra Financials during the 3rd quarter valued at $212,000. James J. Burns & Company LLC bought a new position in ProShares Ultra Financials during the third quarter worth $218,000. Finally, Plotkin Financial Advisors LLC acquired a new stake in ProShares Ultra Financials in the third quarter worth $219,000.

ProShares Ultra Financials Stock Down 0.9 %

UYG opened at $95.45 on Thursday. The company has a fifty day moving average price of $90.19 and a two-hundred day moving average price of $83.06. ProShares Ultra Financials has a 1-year low of $56.95 and a 1-year high of $99.00.

About ProShares Ultra Financials

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.