Cassaday & Co Wealth Management LLC Has $2.38 Million Position in ProShares Ultra Financials (NYSEARCA:UYG)

Cassaday & Co Wealth Management LLC cut its stake in ProShares Ultra Financials (NYSEARCA:UYG) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,801 shares of the company’s stock after selling 3,000 shares during the quarter. Cassaday & Co Wealth Management LLC owned approximately 0.27% of ProShares Ultra Financials worth $2,376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of UYG. Global Retirement Partners LLC acquired a new stake in shares of ProShares Ultra Financials in the fourth quarter valued at about $51,000. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares Ultra Financials during the third quarter valued at approximately $92,000. Creative Planning acquired a new stake in ProShares Ultra Financials during the third quarter valued at approximately $200,000. Great Valley Advisor Group Inc. acquired a new stake in ProShares Ultra Financials during the third quarter valued at approximately $212,000. Finally, James J. Burns & Company LLC bought a new position in shares of ProShares Ultra Financials in the third quarter valued at approximately $218,000.

ProShares Ultra Financials Trading Down 3.1 %

NYSEARCA:UYG opened at $95.44 on Friday. ProShares Ultra Financials has a 1 year low of $59.61 and a 1 year high of $99.00. The firm has a 50 day moving average of $90.97 and a 200-day moving average of $84.18.

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.