Sovereign Financial Group Inc. reduced its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,207 shares of the real estate investment trust’s stock after selling 900 shares during the quarter. Sovereign Financial Group Inc.’s holdings in ProShares Ultra S&P500 were worth $1,684,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of SSO. Fortitude Family Office LLC bought a new stake in ProShares Ultra S&P500 during the 3rd quarter worth approximately $42,000. BNP Paribas Financial Markets bought a new stake in shares of ProShares Ultra S&P500 during the third quarter worth $48,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of ProShares Ultra S&P500 during the second quarter worth $58,000. Abound Wealth Management lifted its position in ProShares Ultra S&P500 by 46.7% in the 4th quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 249 shares in the last quarter. Finally, Eastern Bank acquired a new position in ProShares Ultra S&P500 in the 3rd quarter worth $81,000.
ProShares Ultra S&P500 Trading Up 0.2 %
SSO stock opened at $91.06 on Wednesday. The stock has a 50-day moving average price of $95.77 and a two-hundred day moving average price of $89.50. ProShares Ultra S&P500 has a 1 year low of $63.33 and a 1 year high of $100.12.
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.
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