Assetmark Inc. Buys 6,629,056 Shares of ProShares Ultra S&P500 $SSO

Assetmark Inc. grew its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 110,080.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,635,078 shares of the real estate investment trust’s stock after buying an additional 6,629,056 shares during the period. ProShares Ultra S&P500 accounts for 1.6% of Assetmark Inc.’s investment portfolio, making the stock its 9th biggest position. Assetmark Inc. owned approximately 10.43% of ProShares Ultra S&P500 worth $743,991,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of ProShares Ultra S&P500 during the first quarter valued at $549,000. NewEdge Advisors LLC raised its stake in ProShares Ultra S&P500 by 199.8% in the 1st quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock valued at $1,191,000 after purchasing an additional 9,590 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in ProShares Ultra S&P500 in the 1st quarter valued at about $41,524,000. MGO One Seven LLC boosted its stake in shares of ProShares Ultra S&P500 by 243.9% during the 2nd quarter. MGO One Seven LLC now owns 13,116 shares of the real estate investment trust’s stock worth $1,282,000 after purchasing an additional 9,302 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of ProShares Ultra S&P500 by 92.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,285 shares of the real estate investment trust’s stock worth $1,005,000 after buying an additional 4,936 shares in the last quarter.

ProShares Ultra S&P500 Stock Performance

Shares of SSO opened at $57.36 on Friday. ProShares Ultra S&P500 has a 1 year low of $30.42 and a 1 year high of $60.37. The company’s 50 day simple moving average is $58.76 and its 200 day simple moving average is $56.25. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

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.