Private Asset Management Inc. decreased its holdings in ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) by 9.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,000 shares of the company’s stock after selling 400 shares during the quarter. Private Asset Management Inc.’s holdings in ProShares Ultra QQQ were worth $258,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of QLD. Spire Wealth Management boosted its stake in shares of ProShares Ultra QQQ by 52.7% in the first quarter. Spire Wealth Management now owns 719 shares of the company’s stock valued at $36,000 after buying an additional 248 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of ProShares Ultra QQQ during the 1st quarter worth approximately $39,000. Savior LLC raised its position in ProShares Ultra QQQ by 860.7% during the first quarter. Savior LLC now owns 1,172 shares of the company’s stock valued at $58,000 after purchasing an additional 1,050 shares in the last quarter. UBS Group AG lifted its stake in ProShares Ultra QQQ by 53.9% during the third quarter. UBS Group AG now owns 2,551 shares of the company’s stock worth $94,000 after purchasing an additional 893 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of ProShares Ultra QQQ by 29.2% in the 4th quarter. Citigroup Inc. now owns 3,100 shares of the company’s stock valued at $109,000 after purchasing an additional 700 shares in the last quarter.
ProShares Ultra QQQ Stock Performance
Shares of ProShares Ultra QQQ stock traded up $0.03 during trading on Thursday, reaching $64.87. 1,335,887 shares of the company’s stock were exchanged, compared to its average volume of 4,510,562. The company has a market cap of $5.17 billion, a P/E ratio of 25.00 and a beta of 2.27. ProShares Ultra QQQ has a 1-year low of $32.97 and a 1-year high of $70.74. The firm’s 50-day moving average price is $64.98 and its 200 day moving average price is $56.44.
About ProShares Ultra QQQ
ProShares Ultra QQQ (the Fund), formerly Ultra QQQ ProShares, seeks daily investment results that correspond to twice the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents the largest non-financial domestic and international issues listed on The NASDAQ Stock Market. To be eligible for inclusion, companies cannot be in bankruptcy proceedings and must meet certain additional criteria, including minimum trading volume and seasoning requirements.
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