Prosperity Wealth Management Inc. lowered its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) by 65.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,955 shares of the company’s stock after selling 251,024 shares during the period. ProShares Ultra QQQ accounts for 5.9% of Prosperity Wealth Management Inc.’s holdings, making the stock its 5th biggest position. Prosperity Wealth Management Inc. owned about 0.19% of ProShares Ultra QQQ worth $14,391,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in QLD. Compass Planning Associates Inc bought a new stake in ProShares Ultra QQQ in the 4th quarter valued at $40,000. Financial Life Planners bought a new stake in ProShares Ultra QQQ in the 4th quarter valued at $51,000. Cape Investment Advisory Inc. bought a new stake in ProShares Ultra QQQ in the 4th quarter valued at $54,000. IFP Advisors Inc raised its stake in ProShares Ultra QQQ by 226.1% in the 4th quarter. IFP Advisors Inc now owns 499 shares of the company’s stock valued at $54,000 after acquiring an additional 346 shares during the period. Finally, Tradition Wealth Management LLC acquired a new position in ProShares Ultra QQQ in the 3rd quarter valued at $207,000.
ProShares Ultra QQQ Price Performance
Shares of NYSEARCA QLD opened at $90.25 on Wednesday. The stock’s fifty day moving average price is $109.89 and its two-hundred day moving average price is $105.94. ProShares Ultra QQQ has a one year low of $75.28 and a one year high of $120.68. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 33.52 and a beta of 2.23.
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.
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