Assetmark Inc. Sells 207,546 Shares of ProShares UltraPro S&P 500 $UPRO

Assetmark Inc. lowered its position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 98.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,943 shares of the company’s stock after selling 207,546 shares during the period. Assetmark Inc.’s holdings in ProShares UltraPro S&P 500 were worth $341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Optiver Holding B.V. bought a new position in shares of ProShares UltraPro S&P 500 in the third quarter valued at approximately $37,000. Physician Wealth Advisors Inc. lifted its holdings in shares of ProShares UltraPro S&P 500 by 11.6% in the third quarter. Physician Wealth Advisors Inc. now owns 944 shares of the company’s stock valued at $105,000 after purchasing an additional 98 shares in the last quarter. Bank of America Corp DE bought a new position in shares of ProShares UltraPro S&P 500 in the second quarter valued at approximately $90,000. Great Oak Capital Partners LLC bought a new position in shares of ProShares UltraPro S&P 500 in the fourth quarter valued at approximately $205,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of ProShares UltraPro S&P 500 in the third quarter valued at approximately $202,000.

ProShares UltraPro S&P 500 Stock Down 1.2%

UPRO stock opened at $124.16 on Friday. ProShares UltraPro S&P 500 has a twelve month low of $60.99 and a twelve month high of $126.43. The stock’s 50 day moving average is $109.59 and its 200-day moving average is $113.72. The firm has a market capitalization of $4.70 billion, a PE ratio of 28.62 and a beta of 3.00.

ProShares UltraPro S&P 500 Company Profile

The ProShares UltraPro S&P500 (UPRO) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 3x leveraged daily exposure to a market cap-weighted index of large-cap and mid-cap US companies selected by the S&P Committee. UPRO was launched on Jun 25, 2009 and is managed by ProShares.