Institute for Wealth Management LLC. Raises Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Institute for Wealth Management LLC. grew its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,997 shares of the real estate investment trust’s stock after purchasing an additional 139 shares during the period. Institute for Wealth Management LLC. owned approximately 0.08% of ProShares Ultra S&P500 worth $2,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SSO. West Chester Capital Advisors Inc. acquired a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at $1,708,000. CIBC Private Wealth Group LLC acquired a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at $555,000. Cedar Brook Financial Partners LLC increased its position in shares of ProShares Ultra S&P500 by 2.3% in the 1st quarter. Cedar Brook Financial Partners LLC now owns 6,158 shares of the real estate investment trust’s stock valued at $725,000 after acquiring an additional 140 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of ProShares Ultra S&P500 in the 2nd quarter valued at $257,000. Finally, Tuttle Tactical Management acquired a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at $25,782,000.

Shares of NYSEARCA SSO traded up $3.45 during mid-day trading on Friday, hitting $121.29. The stock had a trading volume of 1,970,800 shares, compared to its average volume of 1,576,232. The company has a 50 day moving average of $127.92 and a two-hundred day moving average of $120.70. ProShares Ultra S&P500 has a twelve month low of $81.39 and a twelve month high of $133.46.

ProShares Ultra S&P500 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.

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Institutional Ownership by Quarter for ProShares Ultra S&P500 (NYSEARCA:SSO)

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