Donaldson Capital Management LLC Has $1.40 Million Holdings in ProShares Ultra S&P500 $SSO

Donaldson Capital Management LLC increased its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 100.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,080 shares of the real estate investment trust’s stock after acquiring an additional 12,080 shares during the quarter. Donaldson Capital Management LLC’s holdings in ProShares Ultra S&P500 were worth $1,395,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Assetmark Inc. grew its position in shares of ProShares Ultra S&P500 by 110,080.6% during the 3rd quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock worth $743,991,000 after purchasing an additional 6,629,056 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of ProShares Ultra S&P500 during the first quarter worth approximately $41,524,000. Pinkerton Wealth LLC acquired a new stake in shares of ProShares Ultra S&P500 in the second quarter valued at approximately $29,677,000. Revere Asset Management Inc acquired a new stake in shares of ProShares Ultra S&P500 in the third quarter valued at approximately $32,485,000. Finally, Spire Wealth Management boosted its stake in shares of ProShares Ultra S&P500 by 116.3% in the fourth quarter. Spire Wealth Management now owns 370,353 shares of the real estate investment trust’s stock valued at $21,451,000 after buying an additional 199,144 shares during the period.

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA:SSO opened at $49.38 on Monday. The company has a market capitalization of $6.50 billion, a P/E ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 1 year low of $30.42 and a 1 year high of $60.37. The business’s 50 day simple moving average is $56.98 and its 200 day simple moving average is $57.14.

ProShares Ultra S&P500 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.1138 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, March 25th.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.