Donaldson Capital Management LLC Has $1.40 Million Stock Holdings in ProShares Ultra S&P500 $SSO

Donaldson Capital Management LLC raised its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 100.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,080 shares of the real estate investment trust’s stock after purchasing an additional 12,080 shares during the quarter. Donaldson Capital Management LLC’s holdings in ProShares Ultra S&P500 were worth $1,395,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of ProShares Ultra S&P500 during the 1st quarter worth approximately $549,000. NewEdge Advisors LLC increased its holdings in ProShares Ultra S&P500 by 199.8% during the first quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock worth $1,191,000 after buying an additional 9,590 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in ProShares Ultra S&P500 during the first quarter worth $41,524,000. Edgestream Partners L.P. bought a new stake in ProShares Ultra S&P500 during the second quarter worth $206,000. Finally, Pinkerton Wealth LLC bought a new stake in ProShares Ultra S&P500 during the second quarter worth $29,677,000.

ProShares Ultra S&P500 Price Performance

Shares of SSO stock opened at $49.38 on Monday. The stock has a market cap of $6.50 billion, a P/E ratio of 24.25 and a beta of 2.01. The company has a fifty day moving average price of $56.98 and a two-hundred day moving average price of $57.14. ProShares Ultra S&P500 has a one year low of $30.42 and a one year high of $60.37.

ProShares Ultra S&P500 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be issued a $0.1138 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, March 25th.

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.