GenWealth Group Inc. trimmed its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,853 shares of the real estate investment trust’s stock after selling 5,003 shares during the period. ProShares Ultra S&P500 accounts for approximately 1.6% of GenWealth Group Inc.’s investment portfolio, making the stock its 20th biggest position. GenWealth Group Inc. owned approximately 0.13% of ProShares Ultra S&P500 worth $7,110,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in shares of ProShares Ultra S&P500 in the third quarter valued at approximately $42,000. BNP Paribas Financial Markets acquired a new stake in ProShares Ultra S&P500 during the 3rd quarter valued at $48,000. Northwestern Mutual Wealth Management Co. bought a new position in ProShares Ultra S&P500 during the second quarter worth $58,000. Abound Wealth Management increased its holdings in shares of ProShares Ultra S&P500 by 46.7% in the fourth quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 249 shares during the last quarter. Finally, Eastern Bank bought a new position in shares of ProShares Ultra S&P500 in the third quarter valued at about $81,000.
ProShares Ultra S&P500 Stock Up 1.9 %
Shares of SSO stock opened at $95.78 on Friday. ProShares Ultra S&P500 has a 52 week low of $63.99 and a 52 week high of $100.12. The company has a 50-day simple moving average of $95.70 and a 200 day simple moving average of $89.76.
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.
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