ProShares Ultra S&P500 (NYSEARCA:SSO) Shares Sold by SP Asset Management LLC

SP Asset Management LLC decreased its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 11.4% during the 4th quarter, Holdings Channel reports. The firm owned 157,568 shares of the real estate investment trust’s stock after selling 20,326 shares during the quarter. ProShares Ultra S&P500 comprises about 1.2% of SP Asset Management LLC’s holdings, making the stock its 21st biggest position. SP Asset Management LLC’s holdings in ProShares Ultra S&P500 were worth $14,577,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Financial Services Advisory Inc acquired a new stake in ProShares Ultra S&P500 in the fourth quarter valued at $744,000. Meridian Wealth Management LLC grew its holdings in ProShares Ultra S&P500 by 5.3% in the fourth quarter. Meridian Wealth Management LLC now owns 18,870 shares of the real estate investment trust’s stock valued at $1,746,000 after purchasing an additional 946 shares during the last quarter. SVB Wealth LLC acquired a new stake in ProShares Ultra S&P500 in the fourth quarter valued at $629,000. Wealthspire Advisors LLC grew its holdings in ProShares Ultra S&P500 by 41.7% in the fourth quarter. Wealthspire Advisors LLC now owns 3,771 shares of the real estate investment trust’s stock valued at $349,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in ProShares Ultra S&P500 in the fourth quarter valued at $56,000.

ProShares Ultra S&P500 Stock Performance

ProShares Ultra S&P500 stock opened at $90.33 on Thursday. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 26.71 and a beta of 2.04. ProShares Ultra S&P500 has a fifty-two week low of $68.75 and a fifty-two week high of $100.29. The stock’s fifty day moving average is $95.48 and its two-hundred day moving average is $92.93.

ProShares Ultra S&P500 Profile

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.