Innova Wealth Partners Acquires 30,255 Shares of ProShares Ultra S&P500 $SSO

Innova Wealth Partners boosted its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 105.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,823 shares of the real estate investment trust’s stock after purchasing an additional 30,255 shares during the period. ProShares Ultra S&P500 accounts for approximately 1.7% of Innova Wealth Partners’ holdings, making the stock its 21st largest holding. Innova Wealth Partners’ holdings in ProShares Ultra S&P500 were worth $3,407,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in ProShares Ultra S&P500 by 110,080.6% in the third quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock worth $743,991,000 after purchasing an additional 6,629,056 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at $41,524,000. Pinkerton Wealth LLC bought a new position in shares of ProShares Ultra S&P500 in the second quarter valued at about $29,677,000. Revere Asset Management Inc acquired a new position in ProShares Ultra S&P500 during the 3rd quarter worth about $32,485,000. Finally, Ascent Group LLC acquired a new position in ProShares Ultra S&P500 during the 3rd quarter worth about $9,495,000.

ProShares Ultra S&P500 Stock Down 2.9%

Shares of NYSEARCA:SSO opened at $51.86 on Friday. The firm has a market cap of $6.83 billion, a P/E ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 12 month low of $30.42 and a 12 month high of $60.37. The company’s 50-day moving average price is $57.76 and its two-hundred day moving average price is $57.12.

About ProShares Ultra S&P500

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.