GeoWealth Management LLC Cuts Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

GeoWealth Management LLC lowered its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSOFree Report) by 33.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,177 shares of the real estate investment trust’s stock after selling 7,720 shares during the period. GeoWealth Management LLC’s holdings in ProShares Ultra S&P500 were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CacheTech Inc. boosted its stake in shares of ProShares Ultra S&P500 by 3.9% during the 4th quarter. CacheTech Inc. now owns 539,150 shares of the real estate investment trust’s stock worth $49,872,000 after acquiring an additional 19,989 shares in the last quarter. Adams Wealth Management grew its holdings in ProShares Ultra S&P500 by 3.1% in the fourth quarter. Adams Wealth Management now owns 535,377 shares of the real estate investment trust’s stock valued at $49,523,000 after purchasing an additional 16,216 shares during the last quarter. Client First Investment Management LLC increased its position in shares of ProShares Ultra S&P500 by 15.9% in the fourth quarter. Client First Investment Management LLC now owns 388,008 shares of the real estate investment trust’s stock valued at $35,895,000 after buying an additional 53,310 shares in the last quarter. Ridgepath Capital Management LLC boosted its position in shares of ProShares Ultra S&P500 by 0.8% in the 4th quarter. Ridgepath Capital Management LLC now owns 315,299 shares of the real estate investment trust’s stock worth $29,168,000 after buying an additional 2,472 shares in the last quarter. Finally, Spire Wealth Management grew its stake in ProShares Ultra S&P500 by 6.2% in the 4th quarter. Spire Wealth Management now owns 123,134 shares of the real estate investment trust’s stock valued at $11,391,000 after acquiring an additional 7,139 shares during the last quarter.

ProShares Ultra S&P500 Trading Up 0.2 %

Shares of SSO opened at $71.85 on Friday. The company has a 50-day moving average of $84.44 and a two-hundred day moving average of $91.19. The stock has a market cap of $4.32 billion, a P/E ratio of 21.58 and a beta of 2.02. ProShares Ultra S&P500 has a 12-month low of $60.84 and a 12-month high of $100.29.

ProShares Ultra S&P500 Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.1656 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

ProShares Ultra S&P500 Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ProShares Ultra S&P500 (NYSEARCA:SSO)

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