Discipline Wealth Solutions LLC Boosts Stock Position in ProShares Ultra S&P500 $SSO

Discipline Wealth Solutions LLC grew its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 105.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,585 shares of the real estate investment trust’s stock after buying an additional 13,668 shares during the period. Discipline Wealth Solutions LLC’s holdings in ProShares Ultra S&P500 were worth $1,540,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in shares of ProShares Ultra S&P500 during the 3rd quarter valued at about $37,000. Park Square Financial Group LLC purchased a new position in shares of ProShares Ultra S&P500 during the 3rd quarter valued at about $47,000. Corsicana & Co. purchased a new position in shares of ProShares Ultra S&P500 during the 3rd quarter valued at about $52,000. Winnow Wealth LLC purchased a new position in shares of ProShares Ultra S&P500 during the 3rd quarter valued at about $69,000. Finally, Sunbelt Securities Inc. lifted its holdings in ProShares Ultra S&P500 by 153.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 704 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 426 shares in the last quarter.

ProShares Ultra S&P500 Trading Up 1.5%

NYSEARCA SSO opened at $59.90 on Thursday. The stock’s 50 day moving average is $55.84 and its 200 day moving average is $57.07. ProShares Ultra S&P500 has a 12 month low of $33.47 and a 12 month high of $60.37. The stock has a market cap of $6.31 billion, a PE ratio of 24.25 and a beta of 2.00.

ProShares Ultra S&P500 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were issued a $0.1138 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.46 dividend on an annualized basis and a yield of 0.8%.

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.