Prosperity Wealth Management Inc. Lowers Stock Holdings in ProShares Ultra S&P500 (NYSEARCA:SSO)

Prosperity Wealth Management Inc. cut its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 53.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,077 shares of the real estate investment trust’s stock after selling 5,924 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in ProShares Ultra S&P500 were worth $330,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in ProShares Ultra S&P500 by 158.7% in the 1st quarter. Bank of America Corp DE now owns 388 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 238 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in shares of ProShares Ultra S&P500 in the fourth quarter valued at approximately $26,000. Stonebridge Capital Advisors LLC increased its position in shares of ProShares Ultra S&P500 by 100.0% during the first quarter. Stonebridge Capital Advisors LLC now owns 500 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 250 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new position in ProShares Ultra S&P500 in the 4th quarter valued at $43,000. Finally, PNC Financial Services Group Inc. lifted its holdings in ProShares Ultra S&P500 by 100.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 846 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 423 shares in the last quarter.

ProShares Ultra S&P500 Trading Down 1.1 %

SSO traded down $0.76 on Wednesday, hitting $70.79. 2,484,450 shares of the company’s stock were exchanged, compared to its average volume of 3,681,843. The firm has a 50-day moving average price of $74.11 and a 200-day moving average price of $65.08. ProShares Ultra S&P500 has a fifty-two week low of $48.47 and a fifty-two week high of $77.96.

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.