Legacy Wealth Managment LLC ID Has $1.11 Million Position in ProShares Ultra S&P500 $SSO

Legacy Wealth Managment LLC ID increased its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 73.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,144 shares of the real estate investment trust’s stock after purchasing an additional 8,084 shares during the quarter. Legacy Wealth Managment LLC ID’s holdings in ProShares Ultra S&P500 were worth $1,109,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in ProShares Ultra S&P500 during the 3rd quarter valued at approximately $37,000. Park Square Financial Group LLC bought a new position in shares of ProShares Ultra S&P500 in the 3rd quarter worth $47,000. Corsicana & Co. lifted its holdings in shares of ProShares Ultra S&P500 by 100.0% in the 4th quarter. Corsicana & Co. now owns 920 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 460 shares in the last quarter. Abound Wealth Management lifted its stake in ProShares Ultra S&P500 by 100.0% during the 4th quarter. Abound Wealth Management now owns 1,066 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 533 shares in the last quarter. Finally, Winnow Wealth LLC bought a new position in ProShares Ultra S&P500 during the 3rd quarter valued at $69,000.

ProShares Ultra S&P500 Price Performance

NYSEARCA SSO opened at $66.22 on Friday. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a one year low of $40.83 and a one year high of $66.32. The business’s fifty day moving average is $57.02 and its 200-day moving average is $57.71.

ProShares Ultra S&P500 News Summary

Here are the key news stories impacting ProShares Ultra S&P500 this week:

• Positive Sentiment: Wall Street extended its record-breaking run, with the S&P 500 and Nasdaq both posting another strong week even amid geopolitical uncertainty. Nasdaq, S&P 500 Enjoy Another Record-Breaking Week
• Positive Sentiment: RBC raised its year-end S&P 500 target to 7,900, citing resilient earnings growth and continued strength in AI-linked sectors, reinforcing the bullish case for index exposure. RBC lifts S&P 500 year-end target to 7,900 on AI optimism
• Positive Sentiment: Another report highlighted RBC’s view that big tech and a “two-speed” economy could drive the benchmark roughly 10% higher over the next year. RBC Boosts S&P 500 Price Target. Big Tech Can Drive a 10% Gain.
• Positive Sentiment: Barron’s said the S&P 500 could reach 8,000 as strong earnings continue to support the rally. Why the S&P 500 Is Heading to 8000
• Neutral Sentiment: Some market commentary warned the rally is becoming stretched, with breadth divergence and “reversal signal” talk suggesting the move may be getting mature. S&P500: Reversal Signal Watch Intensifies as Record Rally Stretches
• Neutral Sentiment: Oil-price swings and Iran-related headlines continued to move sentiment, but they have not derailed the broader uptrend in stocks. S&P 500 slips from record high as oil rebounds

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.