Capital Investment Advisory Services LLC Has $12.90 Million Position in ProShares Ultra S&P500 $SSO

Capital Investment Advisory Services LLC raised its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 37.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,712 shares of the real estate investment trust’s stock after acquiring an additional 60,593 shares during the quarter. ProShares Ultra S&P500 makes up about 0.9% of Capital Investment Advisory Services LLC’s investment portfolio, making the stock its 18th largest holding. Capital Investment Advisory Services LLC owned 0.16% of ProShares Ultra S&P500 worth $12,899,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Palumbo Wealth Management LLC acquired a new stake in ProShares Ultra S&P500 in the fourth quarter valued at $766,000. Sowell Financial Services LLC lifted its stake in ProShares Ultra S&P500 by 231.4% in the fourth quarter. Sowell Financial Services LLC now owns 99,719 shares of the real estate investment trust’s stock valued at $5,776,000 after acquiring an additional 69,630 shares during the last quarter. Erickson Financial Group LLC lifted its stake in shares of ProShares Ultra S&P500 by 103.8% during the 4th quarter. Erickson Financial Group LLC now owns 4,918 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 2,505 shares during the last quarter. Signaturefd LLC lifted its stake in shares of ProShares Ultra S&P500 by 88.1% during the 4th quarter. Signaturefd LLC now owns 8,613 shares of the real estate investment trust’s stock worth $499,000 after buying an additional 4,033 shares during the last quarter. Finally, Ascent Group LLC lifted its stake in shares of ProShares Ultra S&P500 by 107.0% during the 4th quarter. Ascent Group LLC now owns 175,256 shares of the real estate investment trust’s stock worth $10,151,000 after buying an additional 90,580 shares during the last quarter.

ProShares Ultra S&P500 Stock Performance

NYSEARCA SSO opened at $55.94 on Thursday. The firm has a 50-day moving average of $55.97 and a 200-day moving average of $56.99. The stock has a market cap of $5.90 billion, a PE ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 52-week low of $31.90 and a 52-week high of $60.37.

ProShares Ultra S&P500 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a dividend of $0.1138 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, March 25th.

ProShares Ultra S&P500 Company 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.