Virtu Financial LLC trimmed its stake in ProShares Ultra Financials (NYSEARCA:UYG) by 72.6% during the 4th quarter, HoldingsChannel reports. The fund owned 5,357 shares of the company’s stock after selling 14,199 shares during the quarter. Virtu Financial LLC’s holdings in ProShares Ultra Financials were worth $685,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in ProShares Ultra Financials by 27.0% in the fourth quarter. SG Americas Securities LLC now owns 27,576 shares of the company’s stock worth $3,528,000 after acquiring an additional 5,867 shares in the last quarter. Orca Investment Management LLC boosted its holdings in ProShares Ultra Financials by 72.8% in the fourth quarter. Orca Investment Management LLC now owns 18,143 shares of the company’s stock worth $2,321,000 after acquiring an additional 7,646 shares in the last quarter. Private Advisor Group LLC bought a new stake in ProShares Ultra Financials in the fourth quarter worth $292,000. Rathbone Brothers plc bought a new stake in ProShares Ultra Financials in the fourth quarter worth $221,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in ProShares Ultra Financials in the fourth quarter worth $128,000.
Shares of ProShares Ultra Financials (NYSEARCA UYG) opened at $129.55 on Thursday. ProShares Ultra Financials has a 1-year low of $92.02 and a 1-year high of $143.58.
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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.
Want to see what other hedge funds are holding UYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra Financials (NYSEARCA:UYG).
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