Three Seasons Wealth LLC Makes New $8.13 Million Investment in ProShares Ultra S&P500 $SSO

Three Seasons Wealth LLC purchased a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) during the second quarter, Holdings Channel reports. The institutional investor purchased 120,593 shares of the real estate investment trust’s stock, valued at approximately $8,126,000. ProShares Ultra S&P500 makes up approximately 0.7% of Three Seasons Wealth LLC’s portfolio, making the stock its 10th biggest position.

Several other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. lifted its stake in 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 worth $36,000 after acquiring an additional 315 shares during the period. Western Wealth Management LLC purchased a new position in ProShares Ultra S&P500 during the 1st quarter valued at about $37,000. Tucker Asset Management LLC purchased a new position in ProShares Ultra S&P500 during the 4th quarter valued at about $49,000. Bogart Wealth LLC bought a new stake in shares of ProShares Ultra S&P500 in the 1st quarter valued at about $55,000. Finally, Winnow Wealth LLC raised its holdings in shares of ProShares Ultra S&P500 by 100.3% in the 4th 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.

ProShares Ultra S&P500 Stock Performance

Shares of SSO opened at $70.80 on Friday. The company has a 50 day moving average price of $68.88 and a 200-day moving average price of $63.73. ProShares Ultra S&P500 has a fifty-two week low of $48.63 and a fifty-two week high of $72.80. The stock has a market capitalization of $8.26 billion, a PE 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.