SBI Securities Co. Ltd. Cuts Stake in ProShares Ultra QQQ $QLD

SBI Securities Co. Ltd. trimmed its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 3.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 22,018 shares of the company’s stock after selling 823 shares during the quarter. SBI Securities Co. Ltd.’s holdings in ProShares Ultra QQQ were worth $2,592,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in ProShares Ultra QQQ by 11.0% during the first quarter. Envestnet Asset Management Inc. now owns 18,693 shares of the company’s stock valued at $1,661,000 after buying an additional 1,854 shares during the period. IFP Advisors Inc raised its stake in shares of ProShares Ultra QQQ by 80.2% during the first quarter. IFP Advisors Inc now owns 899 shares of the company’s stock valued at $80,000 after acquiring an additional 400 shares during the last quarter. Lowery Thomas LLC raised its stake in shares of ProShares Ultra QQQ by 4.2% during the first quarter. Lowery Thomas LLC now owns 3,703 shares of the company’s stock valued at $329,000 after acquiring an additional 150 shares during the last quarter. Efficient Advisors LLC purchased a new stake in shares of ProShares Ultra QQQ during the first quarter worth about $4,268,000. Finally, SpringVest Wealth Management LLC bought a new stake in shares of ProShares Ultra QQQ in the first quarter worth about $356,000.

ProShares Ultra QQQ Stock Performance

QLD opened at $145.22 on Thursday. The stock has a market capitalization of $10.72 billion, a PE ratio of 31.03 and a beta of 2.31. The stock’s 50 day moving average price is $138.75 and its 200-day moving average price is $122.30. ProShares Ultra QQQ has a 52-week low of $64.72 and a 52-week high of $153.33.

Shares of ProShares Ultra QQQ are set to split on the morning of Thursday, November 20th. The 2-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, November 19th.

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.