Innova Wealth Partners purchased a new stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 26,401 shares of the real estate investment trust’s stock, valued at approximately $2,442,000. ProShares Ultra S&P500 comprises about 1.5% of Innova Wealth Partners’ portfolio, making the stock its 20th biggest holding.
A number of other institutional investors have also recently made changes to their positions in SSO. Fortitude Family Office LLC bought a new position in ProShares Ultra S&P500 during the third quarter valued at approximately $42,000. BNP Paribas Financial Markets purchased a new stake in ProShares Ultra S&P500 during the 3rd quarter valued at $48,000. Northwestern Mutual Wealth Management Co. purchased a new stake in ProShares Ultra S&P500 during the 2nd quarter valued at $58,000. Eastern Bank bought a new position in shares of ProShares Ultra S&P500 during the 3rd quarter valued at $81,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its stake 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 worth $111,000 after buying an additional 377 shares during the last quarter.
ProShares Ultra S&P500 Stock Down 2.3 %
Shares of SSO opened at $93.25 on Wednesday. ProShares Ultra S&P500 has a one year low of $63.05 and a one year high of $100.12. The business has a fifty day moving average of $95.53 and a 200 day moving average of $89.25.
ProShares Ultra S&P500 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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