Tennessee Valley Asset Management Partners Purchases New Shares in ProShares Ultra Financials (NYSEARCA:UYG)

Tennessee Valley Asset Management Partners acquired a new stake in ProShares Ultra Financials (NYSEARCA:UYG) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 602 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds have also recently bought and sold shares of the company. Dimension Capital Management LLC bought a new position in ProShares Ultra Financials in the 3rd quarter valued at $222,000. Kennedy Investment Group bought a new position in shares of ProShares Ultra Financials in the 4th quarter worth $226,000. Toth Financial Advisory Corp raised its stake in ProShares Ultra Financials by 1.7% during the 4th quarter. Toth Financial Advisory Corp now owns 91,353 shares of the company’s stock worth $5,043,000 after buying an additional 1,519 shares during the period. Bryn Mawr Capital Management LLC acquired a new stake in ProShares Ultra Financials during the 3rd quarter worth $257,000. Finally, HighTower Advisors LLC raised its stake in shares of ProShares Ultra Financials by 5.4% in the 3rd quarter. HighTower Advisors LLC now owns 47,524 shares of the company’s stock valued at $2,071,000 after purchasing an additional 2,426 shares during the period.

ProShares Ultra Financials Stock Up 1.3 %

NYSEARCA:UYG opened at $64.74 on Wednesday. The stock’s 50-day simple moving average is $63.68 and its 200 day simple moving average is $55.29. ProShares Ultra Financials has a 52-week low of $38.63 and a 52-week high of $68.50.

ProShares Ultra Financials 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.