Kingswood Wealth Advisors LLC Raises Stock Position in ProShares Ultra S&P500 $SSO

Kingswood Wealth Advisors LLC boosted its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 3,002.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 120,914 shares of the real estate investment trust’s stock after buying an additional 117,017 shares during the period. ProShares Ultra S&P500 accounts for approximately 0.9% of Kingswood Wealth Advisors LLC’s holdings, making the stock its 16th biggest position. Kingswood Wealth Advisors LLC owned about 0.19% of ProShares Ultra S&P500 worth $11,816,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Chung Wu Investment Group LLC purchased a new stake in ProShares Ultra S&P500 in the 2nd quarter worth $266,000. Valeo Financial Advisors LLC purchased a new stake in ProShares Ultra S&P500 in the 2nd quarter worth $1,967,000. Berger Financial Group Inc increased its stake in ProShares Ultra S&P500 by 6.3% in the 2nd quarter. Berger Financial Group Inc now owns 11,444 shares of the real estate investment trust’s stock worth $1,118,000 after buying an additional 679 shares in the last quarter. Washington Growth Strategies LLC increased its stake in ProShares Ultra S&P500 by 3,012.0% in the 2nd quarter. Washington Growth Strategies LLC now owns 2,583 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 2,500 shares in the last quarter. Finally, FSA Wealth Partners Inc. bought a new position in shares of ProShares Ultra S&P500 during the 2nd quarter valued at about $1,393,000.

ProShares Ultra S&P500 Stock Up 0.7%

SSO opened at $113.87 on Tuesday. The firm has a 50-day simple moving average of $106.66 and a two-hundred day simple moving average of $94.23. ProShares Ultra S&P500 has a 52 week low of $60.84 and a 52 week high of $114.26. The company has a market capitalization of $7.83 billion, a PE ratio of 24.25 and a beta of 2.03.

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.