Why Ulta Beauty Shares Are Moving Higher Thursday

Ulta Beauty, Inc. ULTA stock is moving higher on Thursday after Berkshire Hathaway BRK BRK added a stake in the company.

What Happened: Berkshire filed a Form 13F with the Securities and Exchange Commission (SEC) on Wednesday.

The Form 13F indicated that Berkshire holds shares in Ulta worth over 690,000 shares. The form shows two holdings, one of 563,106 shares and another of 127,000 shares of stock.

How To Buy Ulta Beauty Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Ulta Beauty's case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

ULTA Price Action: Ulta stock is trading 11.7% higher at $367.82 per data from Benzinga Pro.

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