Tucker Asset Management LLC Invests $482,000 in ProShares Ultra S&P500 $SSO

Tucker Asset Management LLC bought a new stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) during the second quarter, Holdings Channel reports. The fund bought 7,160 shares of the real estate investment trust’s stock, valued at approximately $482,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. increased its holdings in ProShares Ultra S&P500 by 100.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 315 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in ProShares Ultra S&P500 by 153.2% during the third quarter. Sunbelt Securities Inc. now owns 704 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 426 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at about $37,000. Bogart Wealth LLC acquired a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at about $55,000. Finally, Winnow Wealth LLC increased its stake in shares of ProShares Ultra S&P500 by 100.3% during the fourth quarter. Winnow Wealth LLC now owns 1,216 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 609 shares in the last quarter.

ProShares Ultra S&P500 Price Performance

SSO stock opened at $70.80 on Monday. ProShares Ultra S&P500 has a 52 week low of $48.63 and a 52 week high of $72.80. The firm has a 50-day simple moving average of $68.88 and a 200-day simple moving average of $63.78. The stock has a market capitalization of $8.26 billion, a P/E ratio of 24.25 and a beta of 2.01.

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.