Spire Wealth Management lifted its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,134 shares of the real estate investment trust’s stock after acquiring an additional 7,139 shares during the quarter. Spire Wealth Management owned approximately 0.21% of ProShares Ultra S&P500 worth $11,391,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new position in shares of ProShares Ultra S&P500 in the third quarter worth approximately $42,000. BNP Paribas Financial Markets bought a new position in ProShares Ultra S&P500 in the 3rd quarter worth $48,000. Northwestern Mutual Wealth Management Co. purchased a new stake in ProShares Ultra S&P500 in the 2nd quarter worth $58,000. Abound Wealth Management lifted its position in shares of ProShares Ultra S&P500 by 46.7% in the fourth quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 249 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of ProShares Ultra S&P500 in the third quarter worth about $81,000.
ProShares Ultra S&P500 Stock Down 1.1 %
Shares of SSO opened at $96.89 on Friday. ProShares Ultra S&P500 has a 1 year low of $66.68 and a 1 year high of $100.12. The company has a 50 day simple moving average of $96.18 and a two-hundred day simple moving average of $90.54.
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.
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