Meridian Wealth Management LLC Buys 946 Shares of ProShares Ultra S&P500 (NYSEARCA:SSO)

Meridian Wealth Management LLC grew its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,870 shares of the real estate investment trust’s stock after acquiring an additional 946 shares during the quarter. Meridian Wealth Management LLC’s holdings in ProShares Ultra S&P500 were worth $1,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Client First Investment Management LLC increased its stake in shares of ProShares Ultra S&P500 by 15.9% in the 4th quarter. Client First Investment Management LLC now owns 388,008 shares of the real estate investment trust’s stock valued at $35,895,000 after acquiring an additional 53,310 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of ProShares Ultra S&P500 by 0.3% in the 3rd quarter. Axxcess Wealth Management LLC now owns 317,197 shares of the real estate investment trust’s stock valued at $28,602,000 after acquiring an additional 863 shares during the last quarter. Ridgepath Capital Management LLC increased its stake in shares of ProShares Ultra S&P500 by 0.8% in the 4th quarter. Ridgepath Capital Management LLC now owns 315,299 shares of the real estate investment trust’s stock valued at $29,168,000 after acquiring an additional 2,472 shares during the last quarter. Spire Wealth Management increased its stake in shares of ProShares Ultra S&P500 by 6.2% in the 4th quarter. Spire Wealth Management now owns 123,134 shares of the real estate investment trust’s stock valued at $11,391,000 after acquiring an additional 7,139 shares during the last quarter. Finally, IMC Chicago LLC bought a new stake in shares of ProShares Ultra S&P500 in the 4th quarter valued at about $9,793,000.

ProShares Ultra S&P500 Price Performance

Shares of SSO stock opened at $90.65 on Tuesday. The stock has a 50-day moving average of $95.81 and a 200-day moving average of $92.92. ProShares Ultra S&P500 has a one year low of $68.75 and a one year high of $100.29. The stock has a market cap of $5.57 billion, a PE ratio of 26.71 and a beta of 2.04.

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.