ProShares Ultra S&P500 $SSO Stock Bought by FSA Wealth Partners Inc.

FSA Wealth Partners Inc. raised its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 507.1% during the 3rd quarter, Holdings Channel reports. The firm owned 59,613 shares of the real estate investment trust’s stock after buying an additional 49,793 shares during the quarter. ProShares Ultra S&P500 comprises 1.1% of FSA Wealth Partners Inc.’s portfolio, making the stock its 21st largest holding. FSA Wealth Partners Inc.’s holdings in ProShares Ultra S&P500 were worth $4,133,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Corient Private Wealth LLC lifted its stake in ProShares Ultra S&P500 by 220.3% during the 4th quarter. Corient Private Wealth LLC now owns 16,941 shares of the real estate investment trust’s stock valued at $981,000 after acquiring an additional 11,652 shares during the period. Tucker Asset Management LLC purchased a new stake in shares of ProShares Ultra S&P500 in the 2nd quarter valued at $482,000. Ridgepath Capital Management LLC boosted its holdings in shares of ProShares Ultra S&P500 by 4.1% in the 1st quarter. Ridgepath Capital Management LLC now owns 370,104 shares of the real estate investment trust’s stock valued at $19,201,000 after acquiring an additional 14,667 shares during the last quarter. Three Seasons Wealth LLC acquired a new stake in shares of ProShares Ultra S&P500 in the second quarter worth $8,126,000. Finally, Encompass More Asset Management increased its stake in shares of ProShares Ultra S&P500 by 658.2% in the third quarter. Encompass More Asset Management now owns 77,994 shares of the real estate investment trust’s stock worth $5,407,000 after acquiring an additional 67,707 shares during the period.

ProShares Ultra S&P500 Price Performance

Shares of ProShares Ultra S&P500 stock opened at $69.48 on Tuesday. The firm has a fifty day moving average price of $70.27 and a 200 day moving average price of $64.26. ProShares Ultra S&P500 has a 1 year low of $48.63 and a 1 year high of $72.80. The stock has a market cap of $8.65 billion, a PE ratio of 24.25 and a beta of 2.01.

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