Wealthfront Advisers LLC acquired a new stake in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,940 shares of the real estate investment trust’s stock, valued at approximately $550,000.
A number of other institutional investors have also modified their holdings of SSO. BNP Paribas Financial Markets purchased a new position in ProShares Ultra S&P500 during the third quarter worth approximately $48,000. Compass Planning Associates Inc purchased a new position in ProShares Ultra S&P500 during the fourth quarter worth approximately $56,000. Abound Wealth Management raised its stake in ProShares Ultra S&P500 by 46.7% during the fourth quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 249 shares during the period. Morse Asset Management Inc purchased a new position in ProShares Ultra S&P500 during the third quarter worth approximately $145,000. Finally, Eastern Bank raised its stake in ProShares Ultra S&P500 by 117.5% during the fourth quarter. Eastern Bank now owns 1,955 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 1,056 shares during the period.
ProShares Ultra S&P500 Stock Up 4.0 %
NYSEARCA:SSO opened at $83.82 on Monday. The company has a market cap of $4.61 billion, a P/E ratio of 22.99 and a beta of 2.06. ProShares Ultra S&P500 has a fifty-two week low of $68.75 and a fifty-two week high of $100.29. The firm’s 50 day moving average is $94.08 and its two-hundred day moving average is $92.87.
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.
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