Burke & Herbert Bank & Trust Co. Decreases Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

Burke & Herbert Bank & Trust Co. lowered its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 21.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the company’s stock after selling 2,700 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in ProShares Ultra QQQ were worth $1,007,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in ProShares Ultra QQQ in the first quarter valued at $65,000. Oliver Lagore Vanvalin Investment Group grew its stake in ProShares Ultra QQQ by 36.5% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock valued at $114,000 after acquiring an additional 306 shares during the last quarter. WealthShield Partners LLC purchased a new position in ProShares Ultra QQQ during the 2nd quarter valued at about $152,000. CWM LLC acquired a new position in ProShares Ultra QQQ during the second quarter worth about $163,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of ProShares Ultra QQQ in the second quarter valued at about $217,000.

ProShares Ultra QQQ Trading Up 2.4 %

Shares of QLD stock traded up $2.48 during trading hours on Friday, hitting $104.41. The company’s stock had a trading volume of 698,604 shares, compared to its average volume of 3,266,225. ProShares Ultra QQQ has a twelve month low of $53.72 and a twelve month high of $110.04. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55. The business has a fifty day moving average of $97.66 and a 200-day moving average of $93.96.

ProShares Ultra QQQ 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.