Adams Wealth Management Buys 16,216 Shares of ProShares Ultra S&P500 (NYSEARCA:SSO)

Adams Wealth Management boosted its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 3.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 535,377 shares of the real estate investment trust’s stock after acquiring an additional 16,216 shares during the quarter. ProShares Ultra S&P500 comprises about 9.5% of Adams Wealth Management’s portfolio, making the stock its 2nd largest position. Adams Wealth Management’s holdings in ProShares Ultra S&P500 were worth $49,523,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SSO. BNP Paribas Financial Markets acquired a new stake in ProShares Ultra S&P500 during the 3rd quarter worth approximately $48,000. Orion Portfolio Solutions LLC acquired a new stake in shares of ProShares Ultra S&P500 in the fourth quarter worth $837,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ProShares Ultra S&P500 by 9.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,538 shares of the real estate investment trust’s stock valued at $860,000 after acquiring an additional 800 shares in the last quarter. Independent Advisor Alliance purchased a new stake in ProShares Ultra S&P500 during the 4th quarter worth $623,000. Finally, Blueprint Investment Partners LLC increased its holdings in ProShares Ultra S&P500 by 109.3% in the 4th quarter. Blueprint Investment Partners LLC now owns 28,904 shares of the real estate investment trust’s stock valued at $2,674,000 after purchasing an additional 15,093 shares in the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of SSO opened at $71.85 on Friday. ProShares Ultra S&P500 has a 12 month low of $60.84 and a 12 month high of $100.29. The stock has a market cap of $4.32 billion, a PE ratio of 21.58 and a beta of 2.02. The stock’s 50-day moving average is $84.96 and its two-hundred day moving average is $91.31.

ProShares Ultra S&P500 Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a $0.1656 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

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.