Global View Capital Management LLC reduced its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) by 87.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,869 shares of the company’s stock after selling 441,831 shares during the quarter. ProShares Ultra QQQ accounts for 1.3% of Global View Capital Management LLC’s portfolio, making the stock its 12th biggest holding. Global View Capital Management LLC’s holdings in ProShares Ultra QQQ were worth $5,918,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of QLD. Bullseye Investment Management LLC purchased a new position in ProShares Ultra QQQ in the 2nd quarter worth about $33,000. Physician Wealth Advisors Inc. bought a new stake in shares of ProShares Ultra QQQ in the first quarter worth approximately $66,000. Farmers & Merchants Investments Inc. bought a new stake in shares of ProShares Ultra QQQ in the third quarter worth approximately $71,000. Integrated Wealth Concepts LLC purchased a new stake in ProShares Ultra QQQ in the second quarter worth approximately $186,000. Finally, Retirement Planning Co of New England Inc. purchased a new stake in ProShares Ultra QQQ in the third quarter worth approximately $246,000.
ProShares Ultra QQQ Trading Down 6.9%
NYSEARCA:QLD opened at $82.59 on Friday. ProShares Ultra QQQ has a 12 month low of $56.60 and a 12 month high of $101.62. The company has a market cap of $13.38 billion, a PE ratio of 31.03 and a beta of 2.46. The company has a 50 day simple moving average of $91.91 and a two-hundred day simple moving average of $83.17.
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. The Index is calculated under a modified capitalization-weighted methodology.
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