14,023 Shares in ProShares Ultra S&P500 (NYSEARCA:SSO) Acquired by Elite Wealth Management Inc.

Elite Wealth Management Inc. acquired a new position in ProShares Ultra S&P500 (NYSEARCA:SSO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,023 shares of the real estate investment trust’s stock, valued at approximately $1,680,000. ProShares Ultra S&P500 accounts for about 0.3% of Elite Wealth Management Inc.’s holdings, making the stock its 23rd largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Corsicana & Co. bought a new position in ProShares Ultra S&P500 in the 2nd quarter worth approximately $27,000. Axiom Investment Management LLC bought a new position in ProShares Ultra S&P500 in the 1st quarter worth approximately $40,000. Evermay Wealth Management LLC bought a new position in ProShares Ultra S&P500 in the 2nd quarter worth approximately $48,000. PNC Financial Services Group Inc. boosted its holdings in ProShares Ultra S&P500 by 20.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 511 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 88 shares during the period. Finally, Arkadios Wealth Advisors bought a new position in ProShares Ultra S&P500 in the 2nd quarter worth approximately $87,000.

Shares of NYSEARCA:SSO opened at $136.63 on Friday. The firm has a fifty day moving average price of $132.87 and a two-hundred day moving average price of $125.84. ProShares Ultra S&P500 has a one year low of $83.84 and a one year high of $145.40.

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.

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Institutional Ownership by Quarter for ProShares Ultra S&P500 (NYSEARCA:SSO)

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