Institute for Wealth Management LLC. Makes New $201,000 Investment in ProShares Ultra S&P500 (NYSEARCA:SSO)

Institute for Wealth Management LLC. purchased a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,094 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of America Corp DE lifted its holdings in ProShares Ultra S&P500 by 158.7% during the 1st quarter. Bank of America Corp DE now owns 388 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 238 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of ProShares Ultra S&P500 in the fourth quarter valued at $26,000. Stonebridge Capital Advisors LLC grew its stake in ProShares Ultra S&P500 by 100.0% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 500 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 250 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in ProShares Ultra S&P500 by 100.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 846 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 423 shares during the period. Finally, Citigroup Inc. raised its position in ProShares Ultra S&P500 by 748.0% in the 1st quarter. Citigroup Inc. now owns 848 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 748 shares in the last quarter.

ProShares Ultra S&P500 Trading Down 1.7 %

Shares of SSO opened at $69.11 on Monday. The stock has a 50-day simple moving average of $74.04 and a 200-day simple moving average of $65.45. ProShares Ultra S&P500 has a 1 year low of $48.47 and a 1 year high of $77.96.

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.