Arta Finance Wealth Management LLC Takes $8.49 Million Position in ProShares Ultra S&P500 $SSO

Arta Finance Wealth Management LLC acquired a new stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) in the fourth quarter, HoldingsChannel reports. The fund acquired 146,602 shares of the real estate investment trust’s stock, valued at approximately $8,491,000. ProShares Ultra S&P500 makes up about 4.3% of Arta Finance Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Stratos Wealth Partners LTD. boosted its position in ProShares Ultra S&P500 by 89.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 21,285 shares of the real estate investment trust’s stock valued at $1,233,000 after purchasing an additional 10,066 shares during the period. SteelPeak Wealth LLC lifted its holdings in ProShares Ultra S&P500 by 100.0% in the fourth quarter. SteelPeak Wealth LLC now owns 17,760 shares of the real estate investment trust’s stock worth $1,029,000 after purchasing an additional 8,880 shares during the period. Toth Financial Advisory Corp boosted its holdings in shares of ProShares Ultra S&P500 by 78.3% in the fourth quarter. Toth Financial Advisory Corp now owns 249,142 shares of the real estate investment trust’s stock valued at $14,430,000 after acquiring an additional 109,379 shares in the last quarter. Perigon Wealth Management LLC increased its position in shares of ProShares Ultra S&P500 by 100.0% during the 4th quarter. Perigon Wealth Management LLC now owns 9,440 shares of the real estate investment trust’s stock valued at $547,000 after purchasing an additional 4,720 shares during the period. Finally, Balboa Wealth Partners boosted its stake in ProShares Ultra S&P500 by 96.8% during the fourth quarter. Balboa Wealth Partners now owns 18,065 shares of the real estate investment trust’s stock valued at $1,046,000 after buying an additional 8,886 shares in the last quarter.

ProShares Ultra S&P500 Price Performance

NYSEARCA:SSO opened at $52.74 on Friday. The business’s 50-day moving average price is $56.31 and its 200 day moving average price is $57.00. ProShares Ultra S&P500 has a 52-week low of $30.42 and a 52-week high of $60.37. The firm has a market cap of $6.94 billion, a P/E 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. Stockholders of record on Wednesday, March 25th were paid a $0.1138 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.46 annualized dividend and a dividend yield of 0.9%.

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