Stratos Wealth Partners LTD. Has $1.23 Million Stake in ProShares Ultra S&P500 $SSO

Stratos Wealth Partners LTD. boosted its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 89.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,285 shares of the real estate investment trust’s stock after buying an additional 10,066 shares during the period. Stratos Wealth Partners LTD.’s holdings in ProShares Ultra S&P500 were worth $1,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beacon Capital Management Inc. acquired a new position in ProShares Ultra S&P500 in the second quarter valued at $27,000. Evolution Wealth Management Inc. bought a new position in shares of ProShares Ultra S&P500 during the 2nd quarter worth about $31,000. Global Retirement Partners LLC bought a new position in shares of ProShares Ultra S&P500 during the 3rd quarter worth about $37,000. Park Square Financial Group LLC bought a new position in shares of ProShares Ultra S&P500 during the 3rd quarter worth about $47,000. Finally, Corsicana & Co. acquired a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter valued at about $52,000.

ProShares Ultra S&P500 Price Performance

Shares of SSO opened at $55.94 on Thursday. The stock has a 50-day moving average of $55.97 and a 200-day moving average of $56.99. The company has a market cap of $5.90 billion, a PE ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a one year low of $31.90 and a one year high of $60.37.

ProShares Ultra S&P500 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a $0.1138 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.46 annualized dividend and a dividend yield of 0.8%.

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.