ProShares Ultra Financials (NYSEARCA:UYG) Stake Cut by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC cut its position in shares of ProShares Ultra Financials (NYSEARCA:UYG) by 6.2% during the 4th quarter, according to 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 quarter. Bryn Mawr Capital Management LLC’s holdings in ProShares Ultra Financials were worth $423,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in ProShares Ultra Financials during the fourth quarter worth $51,000. Wharton Business Group LLC bought a new stake in ProShares Ultra Financials in the fourth quarter valued at $215,000. Creative Planning bought a new stake in ProShares Ultra Financials in the third quarter valued at $200,000. Great Valley Advisor Group Inc. bought a new stake in ProShares Ultra Financials in the third quarter valued at $212,000. Finally, James J. Burns & Company LLC bought a new stake in ProShares Ultra Financials in the third quarter valued at $218,000.

ProShares Ultra Financials Stock Performance

UYG stock opened at $94.52 on Friday. The stock has a market capitalization of $910.23 million, a price-to-earnings ratio of 16.46 and a beta of 2.14. ProShares Ultra Financials has a 1 year low of $59.86 and a 1 year high of $99.00. The stock’s fifty day moving average is $91.69 and its two-hundred day moving average is $85.18.

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.