Financial Services Advisory Inc Takes $744,000 Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Financial Services Advisory Inc bought a new stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,041 shares of the real estate investment trust’s stock, valued at approximately $744,000.

Several other institutional investors also recently made changes to their positions in the stock. Meridian Wealth Management LLC grew its holdings in shares of ProShares Ultra S&P500 by 5.3% during 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 bought a new position in shares of ProShares Ultra S&P500 during the fourth quarter valued at approximately $629,000. Wealthspire Advisors LLC grew its holdings in shares of ProShares Ultra S&P500 by 41.7% during 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. Compass Planning Associates Inc bought a new position in shares of ProShares Ultra S&P500 during the fourth quarter valued at approximately $56,000. Finally, Wealthstar Advisors LLC bought a new position in shares of ProShares Ultra S&P500 during the fourth quarter valued at approximately $537,000.

ProShares Ultra S&P500 Price Performance

Shares of SSO stock opened at $93.87 on Monday. ProShares Ultra S&P500 has a 12-month low of $68.75 and a 12-month high of $100.29. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 26.71 and a beta of 2.04. The business has a 50 day simple moving average of $95.90 and a 200 day simple moving average of $92.88.

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.