Legacy Wealth Partners LLC Cuts Stake in ProShares Ultra S&P500 $SSO

Legacy Wealth Partners LLC lowered its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 82.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,370 shares of the real estate investment trust’s stock after selling 137,512 shares during the quarter. Legacy Wealth Partners LLC’s holdings in ProShares Ultra S&P500 were worth $1,524,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SSO. Integrated Wealth Concepts LLC purchased a new position in ProShares Ultra S&P500 in the first quarter valued at about $549,000. NewEdge Advisors LLC increased its stake in shares of ProShares Ultra S&P500 by 199.8% during the 1st quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock worth $1,191,000 after purchasing an additional 9,590 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of ProShares Ultra S&P500 in the 1st quarter worth approximately $41,524,000. Ausdal Financial Partners Inc. bought a new stake in shares of ProShares Ultra S&P500 in the 2nd quarter worth approximately $908,000. Finally, Bank of America Corp DE lifted its stake in ProShares Ultra S&P500 by 519.0% in the second quarter. Bank of America Corp DE now owns 22,283 shares of the real estate investment trust’s stock valued at $2,177,000 after purchasing an additional 18,683 shares during the last quarter.

ProShares Ultra S&P500 Trading Down 2.9%

Shares of NYSEARCA SSO opened at $65.28 on Wednesday. The stock has a fifty day simple moving average of $65.37 and a two-hundred day simple moving average of $60.07. ProShares Ultra S&P500 has a 1-year low of $46.76 and a 1-year high of $70.13. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.