Physician Wealth Advisors Inc. Purchases Shares of 1,326 ProShares Ultra S&P500 (NYSEARCA:SSO)

Physician Wealth Advisors Inc. purchased a new stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) in the fourth quarter, Holdings Channel.com reports. The firm purchased 1,326 shares of the real estate investment trust’s stock, valued at approximately $123,000.

Several other institutional investors have also recently made changes to their positions in SSO. BNP Paribas Financial Markets purchased a new position in ProShares Ultra S&P500 during the third quarter worth about $48,000. Townsquare Capital LLC boosted its position in shares of ProShares Ultra S&P500 by 19.6% during the 3rd quarter. Townsquare Capital LLC now owns 19,205 shares of the real estate investment trust’s stock valued at $1,732,000 after acquiring an additional 3,143 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of ProShares Ultra S&P500 during the third quarter worth about $3,688,000. Plotkin Financial Advisors LLC bought a new position in shares of ProShares Ultra S&P500 in the third quarter worth approximately $4,384,000. Finally, Arizona PSPRS Trust purchased a new stake in ProShares Ultra S&P500 in the third quarter valued at approximately $2,606,000.

ProShares Ultra S&P500 Price Performance

Shares of ProShares Ultra S&P500 stock opened at $81.80 on Monday. The company has a 50 day simple moving average of $92.46 and a two-hundred day simple moving average of $92.97. The firm has a market cap of $4.74 billion, a PE ratio of 22.95 and a beta of 2.06. ProShares Ultra S&P500 has a 1 year low of $68.75 and a 1 year high of $100.29.

ProShares Ultra S&P500 Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.1656 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

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.