Modern Wealth Management LLC Sells 18,596 Shares of ProShares Ultra S&P500 $SSO

Modern Wealth Management LLC lessened its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 78.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,130 shares of the real estate investment trust’s stock after selling 18,596 shares during the quarter. Modern Wealth Management LLC’s holdings in ProShares Ultra S&P500 were worth $270,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Howard Capital Management Inc. raised its holdings in shares of ProShares Ultra S&P500 by 100.0% during the fourth quarter. Howard Capital Management Inc. now owns 13,775,520 shares of the real estate investment trust’s stock worth $797,878,000 after acquiring an additional 6,887,760 shares during the period. Main Street Group LTD boosted its stake in ProShares Ultra S&P500 by 101.6% in the 4th quarter. Main Street Group LTD now owns 1,207,033 shares of the real estate investment trust’s stock worth $69,911,000 after purchasing an additional 608,334 shares during the period. Goldman Sachs Group Inc. acquired a new position in ProShares Ultra S&P500 in the 1st quarter worth $41,524,000. Client First Investment Management LLC increased its holdings in ProShares Ultra S&P500 by 493.5% during the 4th quarter. Client First Investment Management LLC now owns 540,061 shares of the real estate investment trust’s stock worth $31,280,000 after purchasing an additional 449,066 shares in the last quarter. Finally, Pinkerton Wealth LLC increased its holdings in ProShares Ultra S&P500 by 118.6% during the 4th quarter. Pinkerton Wealth LLC now owns 677,536 shares of the real estate investment trust’s stock worth $39,243,000 after purchasing an additional 367,655 shares in the last quarter.

ProShares Ultra S&P500 Price Performance

SSO opened at $65.98 on Wednesday. The business’s 50-day moving average price is $67.18 and its two-hundred day moving average price is $61.56. ProShares Ultra S&P500 has a 1 year low of $48.63 and a 1 year high of $70.13. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.