ProShares Ultra Financials (NYSEARCA:UYG) reached a new 52-week high during trading on Thursday . The company traded as high as $54.89 and last traded at $54.89, with a volume of 800 shares changing hands. The stock had previously closed at $54.26.
The stock’s 50-day simple moving average is $52.82 and its 200 day simple moving average is $48.22.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were paid a dividend of $0.1705 per share. The ex-dividend date was Tuesday, December 24th. This is a positive change from ProShares Ultra Financials’s previous quarterly dividend of $0.08. This represents a $0.68 dividend on an annualized basis and a yield of 1.24%.
A number of institutional investors have recently made changes to their positions in the business. Private Ocean LLC acquired a new stake in shares of ProShares Ultra Financials in the third quarter valued at approximately $378,000. Sanders Morris Harris LLC lifted its holdings in shares of ProShares Ultra Financials by 12.5% during the fourth quarter. Sanders Morris Harris LLC now owns 9,000 shares of the company’s stock worth $360,000 after purchasing an additional 1,000 shares during the period. Creative Planning lifted its holdings in shares of ProShares Ultra Financials by 64.4% during the third quarter. Creative Planning now owns 9,962 shares of the company’s stock worth $467,000 after purchasing an additional 3,902 shares during the period. Virtu Financial LLC acquired a new stake in shares of ProShares Ultra Financials during the third quarter worth $516,000. Finally, LPL Financial LLC lifted its holdings in shares of ProShares Ultra Financials by 25.3% during the second quarter. LPL Financial LLC now owns 16,045 shares of the company’s stock worth $721,000 after purchasing an additional 3,243 shares during the period.
ProShares Ultra Financials Company Profile (NYSEARCA:UYG)
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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