Bell Rock Capital LLC cut its position in shares of ProShares Ultra Financials (NYSEARCA:UYG) by 15.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,641 shares of the company’s stock after selling 16,537 shares during the period. ProShares Ultra Financials accounts for about 2.0% of Bell Rock Capital LLC’s investment portfolio, making the stock its 9th largest position. Bell Rock Capital LLC owned approximately 0.48% of ProShares Ultra Financials worth $3,547,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. PRW Wealth Management LLC bought a new position in ProShares Ultra Financials in the 4th quarter worth approximately $35,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of ProShares Ultra Financials by 8.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 14,667 shares of the company’s stock worth $478,000 after purchasing an additional 1,100 shares in the last quarter. Hanson McClain Inc. grew its holdings in shares of ProShares Ultra Financials by 933.9% during the 4th quarter. Hanson McClain Inc. now owns 1,861 shares of the company’s stock worth $61,000 after purchasing an additional 1,681 shares in the last quarter. FDx Advisors Inc. acquired a new stake in shares of ProShares Ultra Financials during the 4th quarter worth approximately $728,000. Finally, Creative Planning grew its holdings in shares of ProShares Ultra Financials by 5.1% during the 4th quarter. Creative Planning now owns 6,362 shares of the company’s stock worth $208,000 after purchasing an additional 308 shares in the last quarter.
Shares of NYSEARCA:UYG traded down $0.43 during trading on Monday, hitting $42.98. 11,761 shares of the stock were exchanged, compared to its average volume of 79,586. ProShares Ultra Financials has a 1-year low of $28.46 and a 1-year high of $46.71.
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About ProShares Ultra Financials
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.
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