James J. Burns & Company LLC Buys New Holdings in ProShares Ultra Financials (NYSEARCA:UYG)

James J. Burns & Company LLC purchased a new position in shares of ProShares Ultra Financials (NYSEARCA:UYG) in the 3rd quarter, Holdings Channel reports. The firm purchased 2,857 shares of the company’s stock, valued at approximately $218,000.

Other large investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ProShares Ultra Financials during the 3rd quarter worth $92,000. Creative Planning acquired a new stake in ProShares Ultra Financials in the third quarter valued at $200,000. Parisi Gray Wealth Management purchased a new stake in ProShares Ultra Financials during the 3rd quarter worth about $207,000. Private Advisor Group LLC acquired a new position in shares of ProShares Ultra Financials during the 3rd quarter worth about $229,000. Finally, Good Life Advisors LLC purchased a new position in shares of ProShares Ultra Financials in the 3rd quarter valued at about $235,000.

ProShares Ultra Financials Stock Performance

UYG stock opened at $79.15 on Tuesday. The business has a 50 day moving average price of $77.87 and a 200 day moving average price of $70.49. ProShares Ultra Financials has a fifty-two week low of $43.89 and a fifty-two week high of $84.79.

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.