Assetmark Inc. Sells 3,435,212 Shares of ProShares Ultra S&P500 $SSO

Assetmark Inc. trimmed its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 99.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,013 shares of the real estate investment trust’s stock after selling 3,435,212 shares during the period. Assetmark Inc.’s holdings in ProShares Ultra S&P500 were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

ProShares Ultra S&P500 Price Performance

Shares of 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 business’s 50 day moving average price is $67.18 and its 200-day moving average price 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.