Brookstone Capital Management Has $15.08 Million Stock Position in ProShares Ultra S&P500 $SSO

Brookstone Capital Management lifted its position in ProShares Ultra S&P500 (NYSEARCA:SSOFree Report) by 165.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 260,435 shares of the real estate investment trust’s stock after acquiring an additional 162,340 shares during the period. Brookstone Capital Management’s holdings in ProShares Ultra S&P500 were worth $15,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SSO. Assetmark Inc. grew its holdings in ProShares Ultra S&P500 by 110,080.6% during the third 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 during the period. Goldman Sachs Group Inc. bought a new position in ProShares Ultra S&P500 in the 1st quarter valued at about $41,524,000. Global View Capital Management LLC raised its holdings in ProShares Ultra S&P500 by 329.8% in the 4th quarter. Global View Capital Management LLC now owns 465,496 shares of the real estate investment trust’s stock valued at $26,962,000 after acquiring an additional 357,202 shares during the period. Pinkerton Wealth LLC acquired a new stake in ProShares Ultra S&P500 during the 2nd quarter worth approximately $29,677,000. Finally, Revere Asset Management Inc bought a new position in ProShares Ultra S&P500 during the 3rd quarter worth $32,485,000.

ProShares Ultra S&P500 Stock Performance

Shares of ProShares Ultra S&P500 stock opened at $51.88 on Wednesday. The firm has a 50-day moving average of $56.67 and a 200-day moving average of $57.08. ProShares Ultra S&P500 has a 52-week low of $30.42 and a 52-week high of $60.37. The stock has a market cap of $6.83 billion, a PE ratio of 24.25 and a beta of 2.01.

ProShares Ultra S&P500 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.1138 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.46 dividend on an annualized basis and a yield of 0.9%.

ProShares Ultra S&P500 News Roundup

Here are the key news stories impacting ProShares Ultra S&P500 this week:

ProShares Ultra S&P500 Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding SSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra S&P500 (NYSEARCA:SSOFree Report).

Institutional Ownership by Quarter for ProShares Ultra S&P500 (NYSEARCA:SSO)

Receive News & Ratings for ProShares Ultra S&P500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra S&P500 and related companies with MarketBeat.com's FREE daily email newsletter.