NewEdge Advisors LLC Purchases 12,933 Shares of ProShares Ultra S&P500 $SSO

NewEdge Advisors LLC raised its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 113.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,343 shares of the real estate investment trust’s stock after acquiring an additional 12,933 shares during the period. NewEdge Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Evolution Wealth Management Inc. grew its holdings in shares of ProShares Ultra S&P500 by 100.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 315 shares in the last quarter. Tucker Asset Management LLC bought a new stake in ProShares Ultra S&P500 in the fourth quarter worth $49,000. Bogart Wealth LLC bought a new stake in ProShares Ultra S&P500 in the first quarter worth $55,000. Winnow Wealth LLC raised its stake in ProShares Ultra S&P500 by 100.3% during the fourth quarter. Winnow Wealth LLC now owns 1,216 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 609 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in ProShares Ultra S&P500 by 165.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,360 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 848 shares in the last quarter.

ProShares Ultra S&P500 Stock Up 1.3%

SSO stock opened at $66.99 on Friday. ProShares Ultra S&P500 has a 52 week low of $48.63 and a 52 week high of $70.13. The company has a fifty day simple moving average of $67.10 and a two-hundred day simple moving average of $61.67. The firm has a market capitalization of $7.85 billion, a P/E ratio of 24.25 and a beta of 2.01.

ProShares Ultra S&P500 Company 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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.