Foundations Investment Advisors LLC Grows Stock Holdings in ProShares Ultra S&P500 (NYSEARCA:SSO)

Foundations Investment Advisors LLC grew its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 312.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,760 shares of the real estate investment trust’s stock after buying an additional 52,082 shares during the period. Foundations Investment Advisors LLC owned 0.12% of ProShares Ultra S&P500 worth $6,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SSO. Fortitude Family Office LLC acquired a new stake in ProShares Ultra S&P500 in the third quarter valued at approximately $42,000. BNP Paribas Financial Markets acquired a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter worth $48,000. Northwestern Mutual Wealth Management Co. purchased a new position in ProShares Ultra S&P500 during the 2nd quarter worth $58,000. Abound Wealth Management increased 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 valued at $72,000 after buying an additional 249 shares in the last quarter. Finally, Eastern Bank purchased a new stake in ProShares Ultra S&P500 in the third quarter valued at about $81,000.

ProShares Ultra S&P500 Stock Performance

SSO opened at $96.24 on Tuesday. The firm’s 50-day moving average price is $95.98 and its 200-day moving average price is $90.29. ProShares Ultra S&P500 has a 52-week low of $66.68 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.