Pinkerton Wealth LLC Makes New $3.13 Million Investment in ProShares Ultra S&P500 $SSO

Pinkerton Wealth LLC bought a new stake in ProShares Ultra S&P500 (NYSEARCA:SSO) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 45,200 shares of the real estate investment trust’s stock, valued at approximately $3,134,000.

Several other large investors have also modified their holdings of SSO. Howard Capital Management LLC grew its position in shares of ProShares Ultra S&P500 by 5.0% during the third quarter. Howard Capital Management LLC now owns 12,781,294 shares of the real estate investment trust’s stock worth $886,127,000 after acquiring an additional 610,680 shares during the last quarter. Turner Capital Investments LLC purchased a new stake in ProShares Ultra S&P500 in the 3rd quarter valued at $39,489,000. Client First Investment Management LLC raised its position in ProShares Ultra S&P500 by 361.3% in the 2nd quarter. Client First Investment Management LLC now owns 544,551 shares of the real estate investment trust’s stock valued at $36,692,000 after purchasing an additional 426,494 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in ProShares Ultra S&P500 during the 3rd quarter worth $15,896,000. Finally, Brookstone Capital Management acquired a new stake in ProShares Ultra S&P500 during the 3rd quarter worth $15,647,000.

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA:SSO opened at $67.67 on Monday. ProShares Ultra S&P500 has a 1-year low of $48.63 and a 1-year high of $72.80. The stock has a market cap of $8.45 billion, a P/E ratio of 24.25 and a beta of 2.01. The firm has a fifty day moving average price of $70.20 and a 200 day moving average price of $64.47.

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.