Envestnet Asset Management Inc. Decreases Position in ProShares Ultra Consumer Goods (NYSEARCA:UGE)
Envestnet Asset Management Inc. trimmed its position in shares of ProShares Ultra Consumer Goods (NYSEARCA:UGE) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,074 shares of the company’s stock after selling 524 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.13% of ProShares Ultra Consumer Goods worth $961,000 at the end of the most recent reporting period.
Separately, BNP Paribas Arbitrage SA purchased a new stake in ProShares Ultra Consumer Goods during the second quarter worth $47,000.
UGE opened at $47.89 on Friday. The business’s fifty day moving average is $47.37 and its two-hundred day moving average is $45.54. ProShares Ultra Consumer Goods has a one year low of $31.33 and a one year high of $48.56.
ProShares Ultra Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Consumer Goods Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.
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