PNC Financial Services Group Inc. Boosts Stake in ProShares Ultra S&P500 (NYSEARCA:SSO)

PNC Financial Services Group Inc. increased its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 21.6% in the 4th quarter, Holdings Channel reports. The firm owned 55,161 shares of the real estate investment trust’s stock after buying an additional 9,815 shares during the period. PNC Financial Services Group Inc.’s holdings in ProShares Ultra S&P500 were worth $5,103,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Client First Investment Management LLC raised its stake in ProShares Ultra S&P500 by 15.9% during the 4th quarter. Client First Investment Management LLC now owns 388,008 shares of the real estate investment trust’s stock valued at $35,895,000 after acquiring an additional 53,310 shares during the last quarter. Ridgepath Capital Management LLC raised its stake in ProShares Ultra S&P500 by 0.8% during the 4th quarter. Ridgepath Capital Management LLC now owns 315,299 shares of the real estate investment trust’s stock valued at $29,168,000 after acquiring an additional 2,472 shares during the last quarter. Spire Wealth Management raised its stake in ProShares Ultra S&P500 by 6.2% during the 4th quarter. Spire Wealth Management now owns 123,134 shares of the real estate investment trust’s stock valued at $11,391,000 after acquiring an additional 7,139 shares during the last quarter. IMC Chicago LLC purchased a new stake in ProShares Ultra S&P500 during the 4th quarter valued at approximately $9,793,000. Finally, Exchange Traded Concepts LLC purchased a new stake in ProShares Ultra S&P500 during the 4th quarter valued at approximately $6,711,000.

ProShares Ultra S&P500 Stock Up 1.0 %

SSO opened at $82.78 on Thursday. The business has a 50 day moving average price of $94.52 and a two-hundred day moving average price of $92.88. The company has a market cap of $4.55 billion, a PE ratio of 22.99 and a beta of 2.06. ProShares Ultra S&P500 has a 52 week low of $68.75 and a 52 week high of $100.29.

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.