TB Alternative Assets Ltd. Buys New Stake in ProShares Ultra Silver $AGQ

TB Alternative Assets Ltd. purchased a new stake in ProShares Ultra Silver (NYSEARCA:AGQ) during the 3rd quarter, HoldingsChannel reports. The firm purchased 119,020 shares of the exchange traded fund’s stock, valued at approximately $7,962,000. ProShares Ultra Silver comprises approximately 1.6% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL raised its holdings in ProShares Ultra Silver by 223.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 617 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 426 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of ProShares Ultra Silver by 15.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,816 shares of the exchange traded fund’s stock valued at $815,000 after purchasing an additional 900 shares in the last quarter. Bullseye Investment Management LLC bought a new stake in shares of ProShares Ultra Silver during the 2nd quarter valued at about $69,000. NewEdge Advisors LLC increased its position in shares of ProShares Ultra Silver by 110.3% during the first quarter. NewEdge Advisors LLC now owns 2,723 shares of the exchange traded fund’s stock valued at $325,000 after buying an additional 1,428 shares during the period. Finally, Sovereign Financial Group Inc. purchased a new position in shares of ProShares Ultra Silver during the first quarter valued at about $204,000.

ProShares Ultra Silver Price Performance

AGQ stock opened at $60.02 on Friday. ProShares Ultra Silver has a 1 year low of $55.77 and a 1 year high of $431.47. The firm has a 50-day moving average of $76.70 and a 200 day moving average of $89.95.

About ProShares Ultra Silver

ProShares Ultra Silver (the Fund) seeks to provide daily investment results that correspond to twice (200%) the daily performance as measured by the United States dollar fixing price for delivery in London. The Fund will not directly or physically hold the underlying silver, but instead will seek exposure to silver through the use of financial instruments, whose value is based on the underlying price of silver to pursue their investment objective. The benchmark price of silver will be the United States dollar price of silver bullion as measured by the London fixing price per troy ounce of unallocated silver bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.