Axxcess Wealth Management LLC Sells 113,948 Shares of ProShares Ultra S&P500 (NYSEARCA:SSO)

Axxcess Wealth Management LLC cut its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 35.9% during the 4th quarter, HoldingsChannel reports. The firm owned 203,249 shares of the real estate investment trust’s stock after selling 113,948 shares during the period. Axxcess Wealth Management LLC’s holdings in ProShares Ultra S&P500 were worth $18,803,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of ProShares Ultra S&P500 during the third quarter valued at approximately $48,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of ProShares Ultra S&P500 by 9.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,538 shares of the real estate investment trust’s stock valued at $860,000 after purchasing an additional 800 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of ProShares Ultra S&P500 during the fourth quarter valued at approximately $623,000. JPMorgan Chase & Co. boosted its position in shares of ProShares Ultra S&P500 by 21.4% during the third quarter. JPMorgan Chase & Co. now owns 36,272 shares of the real estate investment trust’s stock valued at $3,271,000 after purchasing an additional 6,406 shares in the last quarter. Finally, Townsquare Capital LLC boosted its position in shares of ProShares Ultra S&P500 by 19.6% during the third quarter. Townsquare Capital LLC now owns 19,205 shares of the real estate investment trust’s stock valued at $1,732,000 after purchasing an additional 3,143 shares in the last quarter.

ProShares Ultra S&P500 Stock Up 1.5 %

NYSEARCA SSO opened at $85.08 on Tuesday. ProShares Ultra S&P500 has a twelve month low of $68.75 and a twelve month high of $100.29. The firm has a market capitalization of $4.68 billion, a PE ratio of 22.99 and a beta of 2.06. The stock’s 50 day moving average is $93.88 and its 200 day moving average is $92.87.

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.