Crowley Wealth Management Inc. Makes New Investment in ProShares Ultra S&P500 (NYSEARCA:SSO)

Crowley Wealth Management Inc. bought a new stake in ProShares Ultra S&P500 (NYSEARCA:SSO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 48,755 shares of the real estate investment trust’s stock, valued at approximately $4,510,000. ProShares Ultra S&P500 comprises 4.0% of Crowley Wealth Management Inc.’s investment portfolio, making the stock its 6th biggest position. Crowley Wealth Management Inc. owned about 0.08% of ProShares Ultra S&P500 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Chicago Partners Investment Group LLC raised its position in ProShares Ultra S&P500 by 1.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 9,820 shares of the real estate investment trust’s stock valued at $917,000 after purchasing an additional 113 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of ProShares Ultra S&P500 by 3.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 8,378 shares of the real estate investment trust’s stock valued at $775,000 after buying an additional 241 shares in the last quarter. Abound Wealth Management raised its holdings in shares of ProShares Ultra S&P500 by 46.7% in the 4th quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 249 shares during the period. Commonwealth Equity Services LLC lifted its stake in ProShares Ultra S&P500 by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,823 shares of the real estate investment trust’s stock worth $446,000 after acquiring an additional 315 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its holdings in ProShares Ultra S&P500 by 3.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 9,782 shares of the real estate investment trust’s stock valued at $905,000 after acquiring an additional 361 shares during the period.

ProShares Ultra S&P500 Stock Down 0.0 %

Shares of SSO opened at $84.59 on Friday. The company has a market cap of $4.65 billion, a P/E ratio of 22.99 and a beta of 2.06. ProShares Ultra S&P500 has a fifty-two week low of $68.75 and a fifty-two week high of $100.29. The firm’s 50 day moving average price is $93.21 and its 200 day moving average price is $92.78.

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.