Institute for Wealth Management LLC. Has $475,000 Stock Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Institute for Wealth Management LLC. trimmed its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,391 shares of the company’s stock after selling 119 shares during the quarter. Institute for Wealth Management LLC.’s holdings in ProShares Ultra QQQ were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Tradition Wealth Management LLC acquired a new position in shares of ProShares Ultra QQQ in the 3rd quarter worth approximately $207,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of ProShares Ultra QQQ in the 4th quarter worth approximately $214,000. Anchor Investment Management LLC boosted its holdings in shares of ProShares Ultra QQQ by 131.2% in the 2nd quarter. Anchor Investment Management LLC now owns 2,312 shares of the company’s stock worth $231,000 after acquiring an additional 1,312 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of ProShares Ultra QQQ in the 3rd quarter worth approximately $233,000. Finally, Klingman & Associates LLC acquired a new position in shares of ProShares Ultra QQQ in the 3rd quarter worth approximately $253,000.

ProShares Ultra QQQ Price Performance

Shares of QLD opened at $112.01 on Friday. The business’s 50 day simple moving average is $111.70 and its 200-day simple moving average is $102.78. ProShares Ultra QQQ has a one year low of $75.28 and a one year high of $120.68. The company has a market capitalization of $7.66 billion, a P/E ratio of 25.00 and a beta of 2.55.

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.