Pinkerton Wealth LLC Purchases 367,655 Shares of ProShares Ultra S&P500 $SSO

Pinkerton Wealth LLC grew its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 118.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 677,536 shares of the real estate investment trust’s stock after purchasing an additional 367,655 shares during the quarter. ProShares Ultra S&P500 makes up 4.0% of Pinkerton Wealth LLC’s investment portfolio, making the stock its 9th largest position. Pinkerton Wealth LLC owned approximately 0.51% of ProShares Ultra S&P500 worth $39,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SSO. Howard Capital Management Inc. raised its holdings in shares of ProShares Ultra S&P500 by 100.0% in the 4th quarter. Howard Capital Management Inc. now owns 13,775,520 shares of the real estate investment trust’s stock valued at $797,878,000 after purchasing an additional 6,887,760 shares in the last quarter. Assetmark Inc. raised its holdings in shares of ProShares Ultra S&P500 by 110,080.6% in the 3rd quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock valued at $743,991,000 after purchasing an additional 6,629,056 shares in the last quarter. Main Street Group LTD raised its holdings in shares of ProShares Ultra S&P500 by 101.6% in the 4th quarter. Main Street Group LTD now owns 1,207,033 shares of the real estate investment trust’s stock valued at $69,911,000 after purchasing an additional 608,334 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of ProShares Ultra S&P500 in the 1st quarter valued at $41,524,000. Finally, Global View Capital Management LLC raised its holdings in shares of ProShares Ultra S&P500 by 329.8% in the 4th quarter. Global View Capital Management LLC now owns 465,496 shares of the real estate investment trust’s stock valued at $26,962,000 after purchasing an additional 357,202 shares in the last quarter.

ProShares Ultra S&P500 Trading Up 2.0%

Shares of SSO opened at $66.79 on Thursday. ProShares Ultra S&P500 has a twelve month low of $42.53 and a twelve month high of $68.35. The firm’s fifty day simple moving average is $58.64 and its 200-day simple moving average is $58.27. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

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.