ProShares Ultra QQQ (NYSEARCA:QLD) is Prosperity Wealth Management Inc.’s 5th Largest Position

Prosperity Wealth Management Inc. reduced its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 65.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,955 shares of the company’s stock after selling 251,024 shares during the quarter. ProShares Ultra QQQ accounts for about 5.9% of Prosperity Wealth Management Inc.’s holdings, making the stock its 5th largest holding. Prosperity Wealth Management Inc.’s holdings in ProShares Ultra QQQ were worth $14,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Compass Planning Associates Inc purchased a new stake in ProShares Ultra QQQ in the 4th quarter worth approximately $40,000. Financial Life Planners bought a new position in ProShares Ultra QQQ during the 4th quarter valued at approximately $51,000. Cape Investment Advisory Inc. bought a new position in ProShares Ultra QQQ during the 4th quarter valued at approximately $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 purchasing an additional 346 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of ProShares Ultra QQQ in the 4th quarter worth $214,000.

ProShares Ultra QQQ Trading Down 0.7 %

ProShares Ultra QQQ stock opened at $90.25 on Wednesday. ProShares Ultra QQQ has a 12 month low of $75.28 and a 12 month high of $120.68. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 33.52 and a beta of 2.23. The stock has a fifty day simple moving average of $109.89 and a two-hundred day simple moving average of $105.94.

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.