Berger Financial Group Inc Grows Stock Position in ProShares Ultra S&P500 $SSO

Berger Financial Group Inc raised its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 98.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,730 shares of the real estate investment trust’s stock after buying an additional 11,286 shares during the quarter. Berger Financial Group Inc’s holdings in ProShares Ultra S&P500 were worth $1,317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SSO. Integrated Wealth Concepts LLC purchased a new stake in ProShares Ultra S&P500 in the first quarter valued at about $549,000. NewEdge Advisors LLC raised its stake in ProShares Ultra S&P500 by 199.8% in the first quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock valued at $1,191,000 after buying an additional 9,590 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in ProShares Ultra S&P500 in the first quarter valued at about $41,524,000. Ausdal Financial Partners Inc. purchased a new stake in ProShares Ultra S&P500 in the second quarter valued at about $908,000. Finally, Bank of America Corp DE raised its stake in ProShares Ultra S&P500 by 519.0% in the second quarter. Bank of America Corp DE now owns 22,283 shares of the real estate investment trust’s stock valued at $2,177,000 after buying an additional 18,683 shares during the last quarter.

ProShares Ultra S&P500 Stock Performance

ProShares Ultra S&P500 stock opened at $61.62 on Monday. The stock has a 50-day moving average of $55.96 and a two-hundred day moving average of $57.15. ProShares Ultra S&P500 has a one year low of $33.47 and a one year high of $62.02. The stock has a market cap of $7.03 billion, a PE ratio of 24.25 and a beta of 2.00.

ProShares Ultra S&P500 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.1138 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.46 dividend on an annualized basis and a yield of 0.7%.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.