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

NewEdge Advisors LLC lifted its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 113.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,343 shares of the real estate investment trust’s stock after purchasing an additional 12,933 shares during the quarter. NewEdge Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $1,263,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SSO. Integrated Wealth Concepts LLC bought a new stake in shares of ProShares Ultra S&P500 during the first quarter valued at about $549,000. Goldman Sachs Group Inc. bought a new position in shares of ProShares Ultra S&P500 in the first quarter valued at approximately $41,524,000. Ausdal Financial Partners Inc. bought a new position in shares of ProShares Ultra S&P500 in the second quarter valued at approximately $908,000. Bank of America Corp DE grew its stake in ProShares Ultra S&P500 by 519.0% during 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 acquiring an additional 18,683 shares in the last quarter. Finally, Modern Wealth Management LLC purchased a new position in ProShares Ultra S&P500 during the second quarter valued at approximately $1,159,000.

ProShares Ultra S&P500 Trading Down 1.0%

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

ProShares Ultra S&P500 Company 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.