Greenspring Advisors LLC Invests $587,000 in ProShares Ultra S&P500 $SSO

Greenspring Advisors LLC acquired a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,126 shares of the real estate investment trust’s stock, valued at approximately $587,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Evolution Wealth Management Inc. increased its holdings in shares of ProShares Ultra S&P500 by 100.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 315 shares during the last quarter. AmeriServ Wealth Advisors boosted its position in ProShares Ultra S&P500 by 89.8% during the 4th quarter. AmeriServ Wealth Advisors now owns 16,373 shares of the real estate investment trust’s stock worth $948,000 after purchasing an additional 7,746 shares during the period. Founders Financial Securities LLC increased its holdings in ProShares Ultra S&P500 by 100.2% in the 4th quarter. Founders Financial Securities LLC now owns 16,155 shares of the real estate investment trust’s stock valued at $936,000 after purchasing an additional 8,086 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in ProShares Ultra S&P500 by 85.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 15,340 shares of the real estate investment trust’s stock valued at $888,000 after purchasing an additional 7,087 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its holdings in ProShares Ultra S&P500 by 100.0% in the 4th quarter. Baker Avenue Asset Management LP now owns 13,768 shares of the real estate investment trust’s stock valued at $797,000 after purchasing an additional 6,884 shares in the last quarter.

ProShares Ultra S&P500 Trading Up 0.7%

Shares of NYSEARCA SSO opened at $69.47 on Friday. ProShares Ultra S&P500 has a 12-month low of $44.74 and a 12-month high of $70.13. The company has a market cap of $8.03 billion, a P/E ratio of 24.25 and a beta of 2.01. The stock has a fifty day moving average price of $61.84 and a 200 day moving average price of $59.14.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.