ProShares Ultra S&P500 $SSO Stock: Tempus Wealth Planning LLC Decreases Stake

Tempus Wealth Planning LLC trimmed its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 27.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,621 shares of the real estate investment trust’s stock after selling 12,433 shares during the quarter. Tempus Wealth Planning LLC’s holdings in ProShares Ultra S&P500 were worth $2,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Turner Capital Investments LLC bought a new position in ProShares Ultra S&P500 during the third quarter worth $39,489,000. Client First Investment Management LLC raised its stake in ProShares Ultra S&P500 by 361.3% during the 2nd quarter. Client First Investment Management LLC now owns 544,551 shares of the real estate investment trust’s stock valued at $36,692,000 after purchasing an additional 426,494 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in ProShares Ultra S&P500 in the 3rd quarter valued at $15,896,000. Independent Financial Group LLC bought a new stake in ProShares Ultra S&P500 in the 1st quarter valued at $8,882,000. Finally, Asset Management Group Inc. boosted its holdings in ProShares Ultra S&P500 by 94.1% in the 4th quarter. Asset Management Group Inc. now owns 287,438 shares of the real estate investment trust’s stock valued at $16,648,000 after purchasing an additional 139,387 shares during the period.

ProShares Ultra S&P500 Stock Down 2.2%

NYSEARCA SSO traded down $1.57 during midday trading on Wednesday, hitting $70.46. The company had a trading volume of 3,591,358 shares, compared to its average volume of 3,894,916. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The firm has a fifty day simple moving average of $70.56 and a two-hundred day simple moving average of $66.49. ProShares Ultra S&P500 has a fifty-two week low of $48.63 and a fifty-two 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.