ProShares Ultra S&P500 $SSO Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 18.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,468 shares of the real estate investment trust’s stock after buying an additional 24,200 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.13% of ProShares Ultra S&P500 worth $7,962,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Evolution Wealth Management Inc. boosted its position in ProShares Ultra S&P500 by 100.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 315 shares during the last quarter. Tucker Asset Management LLC purchased a new stake in ProShares Ultra S&P500 in the 4th quarter worth approximately $49,000. Bogart Wealth LLC acquired a new position in ProShares Ultra S&P500 in the 1st quarter valued at $55,000. Winnow Wealth LLC raised its holdings in ProShares Ultra S&P500 by 100.3% in the 4th quarter. Winnow Wealth LLC now owns 1,216 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 609 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings in ProShares Ultra S&P500 by 165.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,360 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 848 shares during the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of ProShares Ultra S&P500 stock opened at $65.67 on Monday. ProShares Ultra S&P500 has a fifty-two week low of $48.63 and a fifty-two week high of $70.13. The business’s fifty day moving average is $67.18 and its two-hundred day moving average is $61.47. The firm has a market cap of $7.82 billion, a PE ratio of 24.25 and a beta of 2.01.

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.