ProShares Ultra S&P500 $SSO Shares Sold by Assetmark Inc.

Assetmark Inc. decreased its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 99.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 29,013 shares of the real estate investment trust’s stock after selling 3,435,212 shares during the quarter. Assetmark Inc.’s holdings in ProShares Ultra S&P500 were worth $1,505,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SSO. Independent Financial Group LLC acquired a new stake in shares of ProShares Ultra S&P500 in the 1st quarter worth $8,882,000. Bank of New York Mellon Corp grew its holdings in shares of ProShares Ultra S&P500 by 19.3% in the first quarter. Bank of New York Mellon Corp now owns 38,388 shares of the real estate investment trust’s stock valued at $1,992,000 after purchasing an additional 6,214 shares during the period. Bogart Wealth LLC acquired a new stake in ProShares Ultra S&P500 during the first quarter worth about $55,000. Koshinski Asset Management Inc. increased its position in ProShares Ultra S&P500 by 1.2% during the first quarter. Koshinski Asset Management Inc. now owns 45,071 shares of the real estate investment trust’s stock worth $2,338,000 after purchasing an additional 513 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in ProShares Ultra S&P500 during the first quarter worth about $211,000.

ProShares Ultra S&P500 Price Performance

NYSEARCA:SSO opened at $65.67 on Friday. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The company’s 50-day moving average is $67.18 and its two-hundred day moving average is $61.45. ProShares Ultra S&P500 has a 1-year low of $48.63 and a 1-year high of $70.13.

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