NewEdge Advisors LLC Buys 12,933 Shares of ProShares Ultra S&P500 $SSO

NewEdge Advisors LLC grew its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 113.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,343 shares of the real estate investment trust’s stock after purchasing an additional 12,933 shares during the quarter. NewEdge Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Evolution Wealth Management Inc. grew its holdings in ProShares Ultra S&P500 by 100.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 315 shares in the last quarter. Tucker Asset Management LLC bought a new position in shares of ProShares Ultra S&P500 during the fourth quarter worth $49,000. Bogart Wealth LLC bought a new position in shares of ProShares Ultra S&P500 during the first quarter worth $55,000. Winnow Wealth LLC grew its stake in ProShares Ultra S&P500 by 100.3% during the fourth quarter. Winnow Wealth LLC now owns 1,216 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 609 shares in the last quarter. Finally, CoreCap Advisors LLC increased its holdings in ProShares Ultra S&P500 by 165.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,360 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 848 shares during the last quarter.

ProShares Ultra S&P500 Stock Up 1.3%

Shares of SSO stock opened at $66.99 on Friday. The stock has a market cap of $7.85 billion, a P/E ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 52 week low of $48.63 and a 52 week high of $70.13. The company’s fifty day simple moving average is $67.10 and its two-hundred day simple moving average is $61.67.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.