Meridian Wealth Management LLC Has $354,000 Holdings in ProShares Ultra S&P500 (SSO)

Meridian Wealth Management LLC raised its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 52.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,817 shares of the real estate investment trust’s stock after acquiring an additional 1,315 shares during the period. Meridian Wealth Management LLC’s holdings in ProShares Ultra S&P500 were worth $354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SSO. Assetmark Inc. raised its holdings in ProShares Ultra S&P500 by 69.1% in the 3rd quarter. Assetmark Inc. now owns 509,220 shares of the real estate investment trust’s stock valued at $64,936,000 after acquiring an additional 208,049 shares in the last quarter. Private Wealth Group LLC bought a new position in shares of ProShares Ultra S&P500 in the 3rd quarter valued at $10,005,000. Bank of New York Mellon Corp increased its stake in shares of ProShares Ultra S&P500 by 61.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 168,396 shares of the real estate investment trust’s stock valued at $18,741,000 after purchasing an additional 64,233 shares during the last quarter. Harvest Group Wealth Management LLC increased its stake in shares of ProShares Ultra S&P500 by 55.9% in the 3rd quarter. Harvest Group Wealth Management LLC now owns 166,733 shares of the real estate investment trust’s stock valued at $21,262,000 after purchasing an additional 59,784 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new position in shares of ProShares Ultra S&P500 in the 4th quarter valued at $4,379,000.

Shares of SSO traded up $0.22 during midday trading on Monday, hitting $107.81. The company’s stock had a trading volume of 8,282 shares, compared to its average volume of 2,030,593. ProShares Ultra S&P500 has a one year low of $81.39 and a one year high of $129.98.

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ProShares Ultra S&P500 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.

Further Reading: What is the price-sales ratio?

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

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