Professional Financial Advisors LLC lessened its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 0.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 25,018 shares of the real estate investment trust’s stock after selling 213 shares during the quarter. ProShares Ultra S&P500 comprises approximately 0.6% of Professional Financial Advisors LLC’s holdings, making the stock its 29th largest position. Professional Financial Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $2,314,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in ProShares Ultra S&P500 in the 3rd quarter valued at $42,000. BNP Paribas Financial Markets acquired a new stake in shares of ProShares Ultra S&P500 in the third quarter valued at about $48,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of ProShares Ultra S&P500 during the 2nd quarter valued at about $58,000. Abound Wealth Management lifted its position in ProShares Ultra S&P500 by 46.7% during the 4th quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 249 shares in the last quarter. Finally, Eastern Bank purchased a new position in ProShares Ultra S&P500 in the 3rd quarter worth approximately $81,000.
ProShares Ultra S&P500 Stock Up 0.3 %
Shares of NYSEARCA:SSO opened at $90.84 on Tuesday. The company has a 50 day moving average of $95.77 and a two-hundred day moving average of $89.50. ProShares Ultra S&P500 has a 52-week low of $63.33 and a 52-week 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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Want to see what other hedge funds are holding SSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report).
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