Quantinno Capital Management LP Boosts Stake in ProShares Ultra Financials $UYG

Quantinno Capital Management LP grew its position in shares of ProShares Ultra Financials (NYSEARCA:UYG) by 307.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,721 shares of the company’s stock after acquiring an additional 9,596 shares during the quarter. Quantinno Capital Management LP owned about 0.14% of ProShares Ultra Financials worth $934,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC increased its position in ProShares Ultra Financials by 14.4% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 39,801 shares of the company’s stock worth $2,922,000 after purchasing an additional 5,000 shares in the last quarter. WealthCare Asset Management LLC purchased a new position in ProShares Ultra Financials in the fourth quarter valued at approximately $2,740,000. Focus Partners Wealth lifted its position in ProShares Ultra Financials by 71.3% during the fourth quarter. Focus Partners Wealth now owns 24,179 shares of the company’s stock valued at $2,302,000 after buying an additional 10,063 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in ProShares Ultra Financials by 10.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 9,811 shares of the company’s stock valued at $839,000 after buying an additional 945 shares in the last quarter. Finally, Truist Financial Corp grew its stake in ProShares Ultra Financials by 103.2% during the fourth quarter. Truist Financial Corp now owns 7,314 shares of the company’s stock worth $671,000 after buying an additional 3,714 shares during the period.

ProShares Ultra Financials Price Performance

ProShares Ultra Financials stock opened at $99.62 on Monday. The firm has a fifty day moving average of $91.50 and a 200-day moving average of $83.50. ProShares Ultra Financials has a 52-week low of $68.43 and a 52-week high of $104.32. The firm has a market capitalization of $862.71 million, a P/E ratio of 17.45 and a beta of 1.75.

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.