Legacy Wealth Managment LLC ID Boosts Position in ProShares Ultra S&P500 $SSO

Legacy Wealth Managment LLC ID raised its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 73.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,144 shares of the real estate investment trust’s stock after buying an additional 8,084 shares during the quarter. Legacy Wealth Managment LLC ID’s holdings in ProShares Ultra S&P500 were worth $1,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SSO. Integrated Wealth Concepts LLC purchased a new position in shares of ProShares Ultra S&P500 during the first quarter worth about $549,000. NewEdge Advisors LLC lifted its position in ProShares Ultra S&P500 by 199.8% in the 1st quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock worth $1,191,000 after buying an additional 9,590 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in ProShares Ultra S&P500 in the first quarter valued at approximately $41,524,000. Ausdal Financial Partners Inc. bought a new stake in ProShares Ultra S&P500 in the second quarter valued at approximately $908,000. Finally, Bank of America Corp DE lifted its position 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.

Key Headlines Impacting ProShares Ultra S&P500

Here are the key news stories impacting ProShares Ultra S&P500 this week:

• Positive Sentiment: Wall Street extended its record-breaking run, with the S&P 500 and Nasdaq both posting another strong week even amid geopolitical uncertainty. Nasdaq, S&P 500 Enjoy Another Record-Breaking Week
• Positive Sentiment: RBC raised its year-end S&P 500 target to 7,900, citing resilient earnings growth and continued strength in AI-linked sectors, reinforcing the bullish case for index exposure. RBC lifts S&P 500 year-end target to 7,900 on AI optimism
• Positive Sentiment: Another report highlighted RBC’s view that big tech and a “two-speed” economy could drive the benchmark roughly 10% higher over the next year. RBC Boosts S&P 500 Price Target. Big Tech Can Drive a 10% Gain.
• Positive Sentiment: Barron’s said the S&P 500 could reach 8,000 as strong earnings continue to support the rally. Why the S&P 500 Is Heading to 8000
• Neutral Sentiment: Some market commentary warned the rally is becoming stretched, with breadth divergence and “reversal signal” talk suggesting the move may be getting mature. S&P500: Reversal Signal Watch Intensifies as Record Rally Stretches
• Neutral Sentiment: Oil-price swings and Iran-related headlines continued to move sentiment, but they have not derailed the broader uptrend in stocks. S&P 500 slips from record high as oil rebounds

ProShares Ultra S&P500 Stock Performance

NYSEARCA SSO opened at $66.22 on Friday. The stock has a 50 day simple moving average of $57.02 and a two-hundred day simple moving average of $57.71. ProShares Ultra S&P500 has a fifty-two week low of $40.83 and a fifty-two week high of $66.32. The stock has a market cap of $7.65 billion, a P/E ratio of 24.25 and a beta of 2.01.

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.