Sequoia Financial Advisors LLC Has $775,000 Stake in ProShares Ultra S&P500 (NYSEARCA:SSO)

Sequoia Financial Advisors LLC grew its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 3.0% in the 4th quarter, Holdings Channel reports. The fund owned 8,378 shares of the real estate investment trust’s stock after buying an additional 241 shares during the period. Sequoia Financial Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $775,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new position in shares of ProShares Ultra S&P500 in the third quarter valued at approximately $48,000. Compass Planning Associates Inc acquired a new position in shares of ProShares Ultra S&P500 in the fourth quarter valued at approximately $56,000. Abound Wealth Management increased its stake 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 buying an additional 249 shares during the period. Morse Asset Management Inc acquired a new position in shares of ProShares Ultra S&P500 in the third quarter valued at approximately $145,000. Finally, Eastern Bank increased its stake in shares of ProShares Ultra S&P500 by 117.5% in the fourth quarter. Eastern Bank now owns 1,955 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 1,056 shares during the period.

ProShares Ultra S&P500 Price Performance

ProShares Ultra S&P500 stock opened at $83.82 on Monday. The business has a 50 day moving average of $94.08 and a 200-day moving average of $92.87. ProShares Ultra S&P500 has a 1 year low of $68.75 and a 1 year high of $100.29. The company has a market capitalization of $4.61 billion, a P/E ratio of 22.99 and a beta of 2.06.

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.