Bryn Mawr Capital Management LLC Trims Stock Position in ProShares Ultra Financials (NYSEARCA:UYG)

Bryn Mawr Capital Management LLC cut its stake in shares of ProShares Ultra Financials (NYSEARCA:UYG) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,950 shares of the company’s stock after selling 328 shares during the period. Bryn Mawr Capital Management LLC’s holdings in ProShares Ultra Financials were worth $423,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Creative Planning acquired a new stake in shares of ProShares Ultra Financials during the third quarter valued at about $200,000. Private Advisor Group LLC acquired a new stake in shares of ProShares Ultra Financials during the third quarter valued at about $229,000. Sanctuary Advisors LLC acquired a new position in shares of ProShares Ultra Financials in the third quarter valued at approximately $232,000. Wharton Business Group LLC acquired a new position in shares of ProShares Ultra Financials in the fourth quarter valued at approximately $215,000. Finally, Summit Trail Advisors LLC acquired a new position in shares of ProShares Ultra Financials in the fourth quarter valued at approximately $309,000.

ProShares Ultra Financials Stock Performance

Shares of UYG stock opened at $94.52 on Friday. The stock has a market capitalization of $910.23 million, a P/E ratio of 16.46 and a beta of 2.14. The company has a 50 day moving average price of $91.69 and a 200 day moving average price of $85.18. ProShares Ultra Financials has a fifty-two week low of $59.86 and a fifty-two week high of $99.00.

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.