Prosperity Wealth Management Inc. Sells 124,738 Shares of ProShares Ultra QQQ (NYSEARCA:QLD)

Prosperity Wealth Management Inc. trimmed its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 93.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 8,217 shares of the company’s stock after selling 124,738 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in ProShares Ultra QQQ were worth $730,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Global View Capital Management LLC bought a new stake in ProShares Ultra QQQ in the 4th quarter worth about $69,158,000. Main Street Group LTD boosted its position in ProShares Ultra QQQ by 4.5% in the fourth quarter. Main Street Group LTD now owns 489,165 shares of the company’s stock worth $52,947,000 after purchasing an additional 20,918 shares during the last quarter. IMC Chicago LLC purchased a new position in ProShares Ultra QQQ in the first quarter worth about $17,880,000. Marshall Financial Group LLC purchased a new position in ProShares Ultra QQQ in the first quarter worth about $16,301,000. Finally, Westwood Wealth Management boosted its position in ProShares Ultra QQQ by 1.1% in the fourth quarter. Westwood Wealth Management now owns 133,365 shares of the company’s stock worth $14,435,000 after purchasing an additional 1,505 shares during the last quarter.

ProShares Ultra QQQ Stock Performance

Shares of NYSEARCA:QLD opened at $108.37 on Wednesday. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 31.03 and a beta of 2.36. The stock’s 50-day simple moving average is $96.48 and its two-hundred day simple moving average is $102.49. ProShares Ultra QQQ has a 52-week low of $64.72 and a 52-week high of $120.68.

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.