Ascent Group LLC Raises Stock Position in ProShares Ultra S&P500 $SSO

Ascent Group LLC boosted its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 107.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,256 shares of the real estate investment trust’s stock after purchasing an additional 90,580 shares during the quarter. Ascent Group LLC owned about 0.13% of ProShares Ultra S&P500 worth $10,151,000 at the end of the most recent quarter.

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

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA:SSO opened at $52.74 on Friday. ProShares Ultra S&P500 has a 52 week low of $30.42 and a 52 week high of $60.37. The stock has a market capitalization of $5.53 billion, a P/E ratio of 24.25 and a beta of 2.01. The firm has a fifty day simple moving average of $56.31 and a two-hundred day simple moving average of $57.01.

ProShares Ultra S&P500 Cuts Dividend

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

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.