Sowell Financial Services LLC cut its holdings in ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) by 25.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,511 shares of the company’s stock after selling 8,264 shares during the period. Sowell Financial Services LLC’s holdings in ProShares Ultra QQQ were worth $2,653,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in QLD. Compass Planning Associates Inc bought a new stake in shares of ProShares Ultra QQQ in the 4th quarter worth about $40,000. Financial Life Planners bought a new stake in shares of ProShares Ultra QQQ in the 4th quarter worth about $51,000. Cape Investment Advisory Inc. bought a new stake in shares of ProShares Ultra QQQ in the 4th quarter worth about $54,000. IFP Advisors Inc increased its holdings in shares of ProShares Ultra QQQ by 226.1% in the 4th quarter. IFP Advisors Inc now owns 499 shares of the company’s stock worth $54,000 after buying an additional 346 shares during the last quarter. Finally, Tradition Wealth Management LLC bought a new stake in shares of ProShares Ultra QQQ in the 3rd quarter worth about $207,000.
ProShares Ultra QQQ Trading Up 1.4 %
Shares of NYSEARCA:QLD opened at $98.36 on Monday. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 33.52 and a beta of 2.23. ProShares Ultra QQQ has a 12 month low of $75.28 and a 12 month high of $120.68. The firm’s 50-day moving average is $110.63 and its 200 day moving average is $106.03.
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.
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Want to see what other hedge funds are holding QLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra QQQ (NYSEARCA:QLD – Free Report).
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