Schnieders Capital Management LLC Trims Stock Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Schnieders Capital Management LLC trimmed its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 10.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,875 shares of the company’s stock after selling 350 shares during the period. Schnieders Capital Management LLC’s holdings in ProShares Ultra QQQ were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Compass Planning Associates Inc acquired a new stake in shares of ProShares Ultra QQQ during the 4th quarter worth about $40,000. Financial Life Planners purchased a new position in ProShares Ultra QQQ during the fourth quarter worth about $51,000. IFP Advisors Inc boosted its stake in ProShares Ultra QQQ by 226.1% during the fourth quarter. IFP Advisors Inc now owns 499 shares of the company’s stock worth $54,000 after buying an additional 346 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of ProShares Ultra QQQ during the fourth quarter valued at about $214,000. Finally, Tradition Wealth Management LLC purchased a new stake in shares of ProShares Ultra QQQ in the 3rd quarter valued at approximately $207,000.

ProShares Ultra QQQ Stock Performance

NYSEARCA:QLD opened at $108.10 on Thursday. ProShares Ultra QQQ has a fifty-two week low of $75.28 and a fifty-two week high of $120.68. The company has a 50 day moving average price of $112.45 and a 200 day moving average price of $105.66. The stock has a market capitalization of $7.64 billion, a P/E ratio of 33.52 and a beta of 2.23.

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.