Sowell Financial Services LLC Makes New $3.08 Million Investment in ProShares Ultra S&P500 $SSO

Sowell Financial Services LLC bought a new position in ProShares Ultra S&P500 (NYSEARCA:SSO) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 44,435 shares of the real estate investment trust’s stock, valued at approximately $3,081,000.

Several other large investors have also modified their holdings of the business. World Equity Group Inc. lifted its holdings in ProShares Ultra S&P500 by 5.8% during the first quarter. World Equity Group Inc. now owns 4,712 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 258 shares during the period. Physician Wealth Advisors Inc. grew its holdings in shares of ProShares Ultra S&P500 by 10.6% during the first quarter. Physician Wealth Advisors Inc. now owns 3,633 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 348 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of ProShares Ultra S&P500 by 10.5% in the first quarter. EverSource Wealth Advisors LLC now owns 3,972 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 377 shares during the last quarter. Root Financial Partners LLC acquired a new stake in ProShares Ultra S&P500 during the 3rd quarter valued at approximately $30,000. Finally, Arkadios Wealth Advisors boosted its holdings in shares of ProShares Ultra S&P500 by 12.3% in the 1st quarter. Arkadios Wealth Advisors now owns 4,578 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 500 shares during the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of ProShares Ultra S&P500 stock opened at $67.67 on Friday. The stock has a market cap of $8.41 billion, a PE ratio of 24.25 and a beta of 2.01. The firm has a fifty day moving average price of $70.20 and a 200 day moving average price of $64.47. ProShares Ultra S&P500 has a 1 year low of $48.63 and a 1 year high of $72.80.

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.