Wavvest Wealth LLC purchased a new position in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,273 shares of the real estate investment trust’s stock, valued at approximately $504,000.
Other large investors also recently modified their holdings of the company. Western Wealth Management LLC bought a new stake in shares of ProShares Ultra S&P500 during the first quarter valued at about $37,000. Bogart Wealth LLC acquired a new stake in ProShares Ultra S&P500 in the first quarter worth about $55,000. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares Ultra S&P500 in the second quarter worth about $126,000. Financial Life Planners acquired a new stake in ProShares Ultra S&P500 in the first quarter worth about $144,000. Finally, Wealth Group Ltd bought a new position in ProShares Ultra S&P500 in the 2nd quarter valued at about $210,000.
ProShares Ultra S&P500 Stock Up 1.0%
Shares of SSO opened at $71.00 on Thursday. The firm has a market capitalization of $9.09 billion, a PE ratio of 24.25 and a beta of 2.01. The firm has a 50-day moving average price of $70.43 and a 200 day moving average price of $67.30. ProShares Ultra S&P500 has a 52-week low of $48.63 and a 52-week high of $72.80.
About ProShares Ultra S&P500
ProShares Ultra S&P500 (the Fund), formerly Ultra S&P500 ProShares, seeks daily investment results that correspond to twice (200%) the daily performance of the S&P 500 Index. The S&P 500 Index is a measure of large-cap United States stock market performance. It is a float-adjusted market capitalization weighted index of 500 United States operating companies and real estate investment trusts (REITs) selected by the S&P U.S. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.
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