ProShares Ultra S&P500 $SSO Position Lessened by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC cut its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 27.0% during the third quarter, HoldingsChannel.com reports. The firm owned 33,621 shares of the real estate investment trust’s stock after selling 12,433 shares during the period. Tempus Wealth Planning LLC’s holdings in ProShares Ultra S&P500 were worth $2,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Western Wealth Management LLC acquired a new stake in ProShares Ultra S&P500 during the first quarter worth $37,000. Bogart Wealth LLC bought a new stake in ProShares Ultra S&P500 in the 1st quarter valued at $55,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares Ultra S&P500 in the 2nd quarter valued at $126,000. Anchor Investment Management LLC raised its stake in shares of ProShares Ultra S&P500 by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 2,000 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 1,000 shares in the last quarter. Finally, Financial Life Planners acquired a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at $144,000.

ProShares Ultra S&P500 Stock Performance

Shares of NYSEARCA:SSO traded down $1.57 during midday trading on Wednesday, reaching $70.46. 3,591,358 shares of the company’s stock were exchanged, compared to its average volume of 3,894,916. The company’s 50 day simple moving average is $70.56 and its two-hundred day simple moving average is $66.49. The firm has a market capitalization of $8.99 billion, a PE ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 12 month low of $48.63 and a 12 month 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.