Eagle Wealth Strategies LLC Makes New Investment in ProShares Ultra S&P500 $SSO

Eagle Wealth Strategies LLC purchased a new position in ProShares Ultra S&P500 (NYSEARCA:SSO) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,297 shares of the real estate investment trust’s stock, valued at approximately $224,000.

A number of other institutional investors have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC bought a new position in shares of ProShares Ultra S&P500 in the second quarter worth about $461,738,000. Main Street Group LTD increased its stake in shares of ProShares Ultra S&P500 by 3.1% in the second quarter. Main Street Group LTD now owns 580,770 shares of the real estate investment trust’s stock worth $56,753,000 after purchasing an additional 17,385 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of ProShares Ultra S&P500 in the first quarter worth about $41,524,000. Ridgepath Capital Management LLC increased its stake in shares of ProShares Ultra S&P500 by 22.5% in the first quarter. Ridgepath Capital Management LLC now owns 386,197 shares of the real estate investment trust’s stock worth $31,969,000 after purchasing an additional 70,898 shares during the period. Finally, TTP Investments Inc. increased its stake in shares of ProShares Ultra S&P500 by 18.8% in the second quarter. TTP Investments Inc. now owns 380,651 shares of the real estate investment trust’s stock worth $37,197,000 after purchasing an additional 60,361 shares during the period.

ProShares Ultra S&P500 Stock Performance

ProShares Ultra S&P500 stock opened at $111.32 on Tuesday. The business’s 50-day simple moving average is $105.61 and its 200-day simple moving average is $93.24. The firm has a market capitalization of $7.60 billion, a PE ratio of 24.25 and a beta of 2.03. ProShares Ultra S&P500 has a 52 week low of $60.84 and a 52 week high of $112.88.

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.