Galvin Gaustad & Stein LLC Cuts Stock Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Galvin Gaustad & Stein LLC lowered its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,865 shares of the company’s stock after selling 200 shares during the period. Galvin Gaustad & Stein LLC’s holdings in ProShares Ultra QQQ were worth $635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of QLD. Dale Q Rice Investment Management Ltd purchased a new position in ProShares Ultra QQQ in the fourth quarter worth $24,535,000. IMC Chicago LLC purchased a new position in shares of ProShares Ultra QQQ during the 3rd quarter valued at $14,490,000. Axxcess Wealth Management LLC purchased a new position in shares of ProShares Ultra QQQ during the 3rd quarter valued at $10,032,000. First National Corp MA ADV lifted its position in shares of ProShares Ultra QQQ by 1,039.1% during the 3rd quarter. First National Corp MA ADV now owns 87,014 shares of the company’s stock valued at $8,762,000 after buying an additional 79,375 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC purchased a new position in shares of ProShares Ultra QQQ during the 3rd quarter valued at $3,538,000.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA QLD opened at $115.32 on Thursday. ProShares Ultra QQQ has a one year low of $75.28 and a one year high of $120.68. The business’s fifty day moving average price is $110.70 and its 200-day moving average price is $102.42. The stock has a market capitalization of $7.89 billion, a PE ratio of 25.00 and a beta of 2.55.

ProShares Ultra QQQ Company Profile

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.