Modern Wealth Management LLC Has $270,000 Position in ProShares Ultra S&P500 $SSO

Modern Wealth Management LLC lessened its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 78.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,130 shares of the real estate investment trust’s stock after selling 18,596 shares during the period. Modern Wealth Management LLC’s holdings in ProShares Ultra S&P500 were worth $270,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Evolution Wealth Management Inc. boosted its position in shares of ProShares Ultra S&P500 by 100.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 315 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of 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 valued at $79,000 after buying an additional 426 shares in the last quarter. Tucker Asset Management LLC bought a new stake in shares of ProShares Ultra S&P500 in the 4th quarter valued at $49,000. Bogart Wealth LLC acquired a new stake in ProShares Ultra S&P500 during the 1st quarter worth $55,000. Finally, Winnow Wealth LLC raised its stake in ProShares Ultra S&P500 by 100.3% during the 4th quarter. Winnow Wealth LLC now owns 1,216 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 609 shares during the period.

ProShares Ultra S&P500 Trading Up 0.4%

SSO stock opened at $65.98 on Wednesday. ProShares Ultra S&P500 has a 1-year low of $48.63 and a 1-year high of $70.13. The firm has a market cap of $7.86 billion, a PE ratio of 24.25 and a beta of 2.01. The business’s 50-day moving average price is $67.18 and its two-hundred day moving average price is $61.56.

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.