GenWealth Group Inc. Sells 5,003 Shares of ProShares Ultra S&P500 (NYSEARCA:SSO)

GenWealth Group Inc. lowered its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 6.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 76,853 shares of the real estate investment trust’s stock after selling 5,003 shares during the quarter. ProShares Ultra S&P500 accounts for approximately 1.6% of GenWealth Group Inc.’s portfolio, making the stock its 20th biggest position. GenWealth Group Inc.’s holdings in ProShares Ultra S&P500 were worth $7,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fortitude Family Office LLC acquired a new position in ProShares Ultra S&P500 during the 3rd quarter worth approximately $42,000. BNP Paribas Financial Markets acquired a new position in shares of ProShares Ultra S&P500 during the third quarter worth approximately $48,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of ProShares Ultra S&P500 during the second quarter worth approximately $58,000. Abound Wealth Management lifted its holdings in shares of ProShares Ultra S&P500 by 46.7% in the 4th 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 in the last quarter. Finally, Eastern Bank acquired a new stake in ProShares Ultra S&P500 in the 3rd quarter valued at $81,000.

ProShares Ultra S&P500 Stock Performance

SSO opened at $95.78 on Friday. ProShares Ultra S&P500 has a 1-year low of $63.99 and a 1-year high of $100.12. The company’s fifty day moving average price is $95.70 and its two-hundred day moving average price is $89.76.

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.