NewEdge Advisors LLC Increases Stock Position in ProShares Ultra S&P500 $SSO

NewEdge Advisors LLC raised its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 113.3% in the 1st quarter, HoldingsChannel reports. The firm owned 24,343 shares of the real estate investment trust’s stock after purchasing an additional 12,933 shares during the period. NewEdge Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $1,263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. bought a new position in ProShares Ultra S&P500 in the first quarter valued at $41,524,000. Client First Investment Management LLC boosted its holdings in shares of ProShares Ultra S&P500 by 493.5% in the 4th quarter. Client First Investment Management LLC now owns 540,061 shares of the real estate investment trust’s stock worth $31,280,000 after purchasing an additional 449,066 shares in the last quarter. Pinkerton Wealth LLC increased its position in shares of ProShares Ultra S&P500 by 118.6% during the 4th quarter. Pinkerton Wealth LLC now owns 677,536 shares of the real estate investment trust’s stock valued at $39,243,000 after purchasing an additional 367,655 shares during the last quarter. Revere Asset Management Inc bought a new position in shares of ProShares Ultra S&P500 during the 3rd quarter valued at about $32,485,000. Finally, NBZ Investment Advisors LLC bought a new position in shares of ProShares Ultra S&P500 during the 4th quarter valued at about $15,740,000.

ProShares Ultra S&P500 Trading Down 1.0%

Shares of NYSEARCA SSO opened at $71.50 on Tuesday. The stock’s 50-day moving average is $67.73 and its 200 day moving average is $62.63. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 1-year low of $48.63 and a 1-year high of $72.80.

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