Arta Finance Wealth Management LLC Takes $8.49 Million Position in ProShares Ultra S&P500 $SSO

Arta Finance Wealth Management LLC bought a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 146,602 shares of the real estate investment trust’s stock, valued at approximately $8,491,000. ProShares Ultra S&P500 makes up approximately 4.3% of Arta Finance Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position. Arta Finance Wealth Management LLC owned 0.11% of ProShares Ultra S&P500 as of its most recent filing with the Securities and Exchange Commission.

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

ProShares Ultra S&P500 Stock Performance

SSO stock opened at $52.74 on Friday. ProShares Ultra S&P500 has a 1 year low of $30.42 and a 1 year high of $60.37. The firm has a market cap of $6.94 billion, a P/E ratio of 24.25 and a beta of 2.01. The stock has a 50-day simple moving average of $56.31 and a 200-day simple moving average of $57.00.

ProShares Ultra S&P500 Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.1138 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, March 25th.

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.