Sequoia Financial Advisors LLC decreased its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 2.4% in the first quarter, HoldingsChannel reports. The fund owned 8,174 shares of the real estate investment trust’s stock after selling 204 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $677,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SSO. Johnson Financial Group Inc. lifted its position in ProShares Ultra S&P500 by 92.1% during the fourth quarter. Johnson Financial Group Inc. now owns 680 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 326 shares during the last quarter. Physician Wealth Advisors Inc. purchased a new stake in ProShares Ultra S&P500 during the fourth quarter valued at approximately $123,000. Signaturefd LLC purchased a new stake in ProShares Ultra S&P500 during the fourth quarter valued at approximately $248,000. EverSource Wealth Advisors LLC lifted its position in ProShares Ultra S&P500 by 288.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,825 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 2,098 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in ProShares Ultra S&P500 during the fourth quarter valued at approximately $282,000.
ProShares Ultra S&P500 Stock Down 0.1%
NYSEARCA:SSO opened at $97.59 on Wednesday. ProShares Ultra S&P500 has a 52 week low of $60.84 and a 52 week high of $100.29. The firm has a 50 day moving average of $88.23 and a 200 day moving average of $88.80. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 24.25 and a beta of 2.03.
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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Want to see what other hedge funds are holding SSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report).
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