PNC Financial Services Group Inc. Increases Stake in ProShares Ultra S&P500 $SSO

PNC Financial Services Group Inc. increased its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 18.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 153,468 shares of the real estate investment trust’s stock after buying an additional 24,200 shares during the period. PNC Financial Services Group Inc.’s holdings in ProShares Ultra S&P500 were worth $7,962,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SSO. Evolution Wealth Management Inc. increased its position in ProShares Ultra S&P500 by 100.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 315 shares during the last quarter. Sunbelt Securities Inc. raised its stake in ProShares Ultra S&P500 by 153.2% during the third quarter. Sunbelt Securities Inc. now owns 704 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 426 shares during the period. Tucker Asset Management LLC acquired a new position in shares of ProShares Ultra S&P500 in the 4th quarter valued at $49,000. Bogart Wealth LLC acquired a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at $55,000. Finally, Winnow Wealth LLC grew its stake in shares of ProShares Ultra S&P500 by 100.3% during the 4th quarter. Winnow Wealth LLC now owns 1,216 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 609 shares during the period.

ProShares Ultra S&P500 Price Performance

SSO stock opened at $65.67 on Monday. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The business has a fifty day simple moving average of $67.18 and a 200-day simple moving average of $61.47. ProShares Ultra S&P500 has a 52 week low of $48.63 and a 52 week high of $70.13.

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.