Stratos Wealth Partners LTD. Cuts Holdings in ProShares Ultra S&P500 $SSO

Stratos Wealth Partners LTD. decreased its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 6.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,557 shares of the real estate investment trust’s stock after selling 884 shares during the period. Stratos Wealth Partners LTD.’s holdings in ProShares Ultra S&P500 were worth $1,227,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SSO. Envestnet Portfolio Solutions Inc. boosted its stake in shares of ProShares Ultra S&P500 by 36.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,349 shares of the real estate investment trust’s stock valued at $443,000 after purchasing an additional 1,439 shares in the last quarter. Spire Wealth Management boosted its stake in shares of ProShares Ultra S&P500 by 13.8% in the 1st quarter. Spire Wealth Management now owns 140,152 shares of the real estate investment trust’s stock valued at $11,602,000 after purchasing an additional 17,018 shares in the last quarter. Tyche Wealth Partners LLC boosted its stake in shares of ProShares Ultra S&P500 by 11.6% in the 1st quarter. Tyche Wealth Partners LLC now owns 3,921 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 406 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in shares of ProShares Ultra S&P500 in the 1st quarter valued at $689,000. Finally, Sollinda Capital Management LLC boosted its stake in shares of ProShares Ultra S&P500 by 19.6% in the 1st quarter. Sollinda Capital Management LLC now owns 27,832 shares of the real estate investment trust’s stock valued at $2,304,000 after purchasing an additional 4,562 shares in the last quarter.

ProShares Ultra S&P500 Stock Performance

Shares of ProShares Ultra S&P500 stock opened at $113.34 on Wednesday. ProShares Ultra S&P500 has a 52-week low of $60.84 and a 52-week high of $114.61. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 24.25 and a beta of 2.03. The company has a fifty day moving average of $108.82 and a 200-day moving average of $96.40.

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.