Envestnet Portfolio Solutions Inc. Lowers Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Envestnet Portfolio Solutions Inc. decreased its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 46.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,910 shares of the real estate investment trust’s stock after selling 3,406 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in ProShares Ultra S&P500 were worth $362,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in ProShares Ultra S&P500 during the 3rd quarter valued at about $48,000. Compass Planning Associates Inc bought a new stake in shares of ProShares Ultra S&P500 in the 4th quarter worth approximately $56,000. 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. Morse Asset Management Inc purchased a new position in ProShares Ultra S&P500 during the third quarter valued at $145,000. Finally, Eastern Bank boosted its holdings in ProShares Ultra S&P500 by 117.5% in the fourth quarter. Eastern Bank now owns 1,955 shares of the real estate investment trust’s stock worth $181,000 after acquiring an additional 1,056 shares in the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA:SSO opened at $85.75 on Thursday. The business has a fifty day moving average price of $92.91 and a 200-day moving average price of $92.88. The company has a market capitalization of $4.71 billion, a PE ratio of 22.99 and a beta of 2.06. ProShares Ultra S&P500 has a 1-year low of $68.75 and a 1-year high of $100.29.

ProShares Ultra S&P500 Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th will be paid a dividend of $0.1656 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

ProShares Ultra S&P500 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.