ProShares Ultra S&P500 $SSO Shares Acquired by Spire Wealth Management

Spire Wealth Management lifted its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 116.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 370,353 shares of the real estate investment trust’s stock after purchasing an additional 199,144 shares during the quarter. ProShares Ultra S&P500 makes up 0.7% of Spire Wealth Management’s investment portfolio, making the stock its 28th biggest holding. Spire Wealth Management owned about 0.27% of ProShares Ultra S&P500 worth $21,451,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First Heartland Consultants Inc. increased its position in ProShares Ultra S&P500 by 7.8% during the third quarter. First Heartland Consultants Inc. now owns 2,248 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 163 shares during the period. Tudor Investment Corp ET AL boosted its holdings in shares of ProShares Ultra S&P500 by 4.6% in the third quarter. Tudor Investment Corp ET AL now owns 4,573 shares of the real estate investment trust’s stock valued at $513,000 after acquiring an additional 200 shares during the period. Harvest Investment Services LLC boosted its holdings in shares of ProShares Ultra S&P500 by 3.6% in the third quarter. Harvest Investment Services LLC now owns 7,897 shares of the real estate investment trust’s stock valued at $885,000 after acquiring an additional 271 shares during the period. Beacon Capital Management Inc. purchased a new position in shares of ProShares Ultra S&P500 during the second quarter worth approximately $27,000. Finally, Bank of America Corp DE grew its position in shares of ProShares Ultra S&P500 by 1.3% during the third quarter. Bank of America Corp DE now owns 22,583 shares of the real estate investment trust’s stock worth $2,532,000 after acquiring an additional 300 shares during the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of ProShares Ultra S&P500 stock opened at $49.38 on Friday. The firm’s fifty day simple moving average is $56.98 and its 200-day simple moving average is $57.11. ProShares Ultra S&P500 has a 12 month low of $30.42 and a 12 month high of $60.37. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

ProShares Ultra S&P500 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a $0.1138 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.46 dividend on an annualized basis and a yield of 0.9%.

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.