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

Assetmark Inc. lessened its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 47.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,464,225 shares of the real estate investment trust’s stock after selling 3,170,853 shares during the quarter. Assetmark Inc. owned approximately 2.49% of ProShares Ultra S&P500 worth $200,648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. First Heartland Consultants Inc. boosted its stake in ProShares Ultra S&P500 by 7.8% during the 3rd quarter. First Heartland Consultants Inc. now owns 2,248 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 163 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in ProShares Ultra S&P500 by 4.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 4,573 shares of the real estate investment trust’s stock worth $513,000 after purchasing an additional 200 shares during the last quarter. Harvest Investment Services LLC boosted its stake in ProShares Ultra S&P500 by 3.6% during the 3rd quarter. Harvest Investment Services LLC now owns 7,897 shares of the real estate investment trust’s stock worth $885,000 after purchasing an additional 271 shares during the last quarter. Beacon Capital Management Inc. acquired a new stake in ProShares Ultra S&P500 during the 2nd quarter worth $27,000. Finally, Bank of America Corp DE boosted its stake in ProShares Ultra S&P500 by 1.3% during the 3rd quarter. Bank of America Corp DE now owns 22,583 shares of the real estate investment trust’s stock worth $2,532,000 after purchasing an additional 300 shares during the last quarter.

ProShares Ultra S&P500 Stock Up 1.9%

Shares of SSO opened at $57.58 on Tuesday. ProShares Ultra S&P500 has a 52-week low of $33.47 and a 52-week high of $60.37. The firm’s fifty day moving average is $55.81 and its two-hundred day moving average is $57.03. The stock has a market cap of $6.07 billion, a PE ratio of 24.25 and a beta of 2.00.

ProShares Ultra S&P500 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a dividend of $0.1138 per share. This represents a $0.46 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, March 25th.

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.