Partners Wealth Management LLC bought a new position in ProShares Ultra Gold (NYSEARCA:UGL – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 35,032 shares of the company’s stock, valued at approximately $1,602,000. Partners Wealth Management LLC owned 0.22% of ProShares Ultra Gold as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the business. Dedeker Financial LLC acquired a new stake in shares of ProShares Ultra Gold during the third quarter worth $1,459,000. TB Alternative Assets Ltd. grew its position in shares of ProShares Ultra Gold by 69.3% in the third quarter. TB Alternative Assets Ltd. now owns 482,176 shares of the company’s stock valued at $22,050,000 after purchasing an additional 197,440 shares during the period. NewEdge Advisors LLC increased its stake in ProShares Ultra Gold by 36.1% in the second quarter. NewEdge Advisors LLC now owns 5,000 shares of the company’s stock valued at $219,000 after purchasing an additional 1,325 shares during the last quarter. Allen Capital Group LLC increased its stake in ProShares Ultra Gold by 8.9% in the first quarter. Allen Capital Group LLC now owns 6,113 shares of the company’s stock valued at $376,000 after purchasing an additional 498 shares during the last quarter. Finally, Integrated Advisors Network LLC purchased a new position in ProShares Ultra Gold during the first quarter worth about $246,000.
ProShares Ultra Gold Stock Down 2.7%
NYSEARCA UGL opened at $42.43 on Friday. ProShares Ultra Gold has a 12 month low of $41.49 and a 12 month high of $90.40. The company has a 50-day moving average of $48.51 and a 200-day moving average of $56.44.
Trending Headlines about ProShares Ultra Gold
Here are the key news stories impacting ProShares Ultra Gold this week:
- Neutral Sentiment: The Federal Reserve held its policy rate at 3.75%–4.00%, as expected, but the 10-2 vote and the possibility of another rate hike in December kept investors focused on a potentially prolonged restrictive-policy environment. Gold price drops as Fed votes to hold rates
About ProShares Ultra Gold
ProShares Ultra Gold (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance. The Fund generally invests in financial instruments as a substitute for investing directly in a commodity or currency in order to gain exposure to the commodity index, commodity or currency. The Funds may purchase United States Treasury Bills, agency securities, and other high-credit quality short-term fixed income or similar securities with original maturities of one year or less.
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