Envestnet Asset Management Inc. Has $982,000 Stock Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Envestnet Asset Management Inc. lessened its stake in ProShares Ultra S&P500 (NYSEARCA:SSO – Get Rating) by 27.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,099 shares of the real estate investment trust’s stock after selling 8,372 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ProShares Ultra S&P500 were worth $982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE grew its position in ProShares Ultra S&P500 by 158.7% in the first quarter. Bank of America Corp DE now owns 388 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 238 shares during the last quarter. Huntington National Bank grew its position in ProShares Ultra S&P500 by 67,800.0% in the third quarter. Huntington National Bank now owns 679 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 678 shares during the last quarter. Stonebridge Capital Advisors LLC grew its position in ProShares Ultra S&P500 by 100.0% in the first quarter. Stonebridge Capital Advisors LLC now owns 500 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 250 shares during the last quarter. Robinson Value Management Ltd. bought a new position in ProShares Ultra S&P500 in the third quarter valued at about $40,000. Finally, PNC Financial Services Group Inc. grew its position in ProShares Ultra S&P500 by 100.0% in the first quarter. PNC Financial Services Group Inc. now owns 846 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 423 shares during the last quarter.

ProShares Ultra S&P500 Trading Up 1.7 %

ProShares Ultra S&P500 stock opened at $50.89 on Friday. The business’s 50-day moving average price is $49.83 and its two-hundred day moving average price is $48.37. ProShares Ultra S&P500 has a 12-month low of $37.53 and a 12-month high of $58.33.

ProShares Ultra S&P500 Profile

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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.