Sovereign Financial Group Inc. Decreases Stock Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Sovereign Financial Group Inc. lessened its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,107 shares of the real estate investment trust’s stock after selling 900 shares during the quarter. Sovereign Financial Group Inc.’s holdings in ProShares Ultra S&P500 were worth $1,723,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new position in ProShares Ultra S&P500 in the 2nd quarter worth approximately $58,000. Whittier Trust Co. purchased a new position in ProShares Ultra S&P500 in the 1st quarter worth approximately $60,000. CWM LLC boosted its holdings in ProShares Ultra S&P500 by 964.2% in the 2nd quarter. CWM LLC now owns 862 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 781 shares during the period. Oliver Lagore Vanvalin Investment Group raised its position in shares of ProShares Ultra S&P500 by 39.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,344 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 377 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of ProShares Ultra S&P500 in the 2nd quarter valued at approximately $163,000.

ProShares Ultra S&P500 Stock Up 1.8 %

Shares of SSO opened at $89.77 on Wednesday. The business’s 50 day moving average is $84.76 and its two-hundred day moving average is $80.95. ProShares Ultra S&P500 has a 52-week low of $48.59 and a 52-week high of $90.47.

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.