AmeriServ Wealth Advisors Has $948,000 Position in ProShares Ultra S&P500 $SSO

AmeriServ Wealth Advisors increased its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 89.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,373 shares of the real estate investment trust’s stock after buying an additional 7,746 shares during the quarter. ProShares Ultra S&P500 accounts for about 0.6% of AmeriServ Wealth Advisors’ portfolio, making the stock its 23rd biggest holding. AmeriServ Wealth Advisors’ holdings in ProShares Ultra S&P500 were worth $948,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new position in shares of ProShares Ultra S&P500 in the first quarter valued at $549,000. NewEdge Advisors LLC lifted its stake in ProShares Ultra S&P500 by 199.8% in the first quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock valued at $1,191,000 after acquiring an additional 9,590 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at about $41,524,000. Ausdal Financial Partners Inc. acquired a new position in shares of ProShares Ultra S&P500 during the 2nd quarter worth about $908,000. Finally, Bank of America Corp DE increased its stake in shares of ProShares Ultra S&P500 by 519.0% during the 2nd quarter. Bank of America Corp DE now owns 22,283 shares of the real estate investment trust’s stock worth $2,177,000 after purchasing an additional 18,683 shares during the last quarter.

ProShares Ultra S&P500 Stock Performance

Shares of NYSEARCA:SSO opened at $69.97 on Wednesday. ProShares Ultra S&P500 has a 52-week low of $44.74 and a 52-week high of $70.13. The company has a market capitalization of $8.09 billion, a P/E ratio of 24.25 and a beta of 2.01. The company has a 50-day simple moving average of $60.82 and a 200 day simple moving average of $58.88.

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.