Foundations Investment Advisors LLC Lowers Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

Foundations Investment Advisors LLC trimmed its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,055 shares of the company’s stock after selling 1,182 shares during the period. Foundations Investment Advisors LLC’s holdings in ProShares Ultra QQQ were worth $894,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in QLD. Commonwealth Equity Services LLC lifted its position in shares of ProShares Ultra QQQ by 9.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,177 shares of the company’s stock valued at $236,000 after acquiring an additional 181 shares in the last quarter. Blair William & Co. IL purchased a new position in shares of ProShares Ultra QQQ in the fourth quarter valued at about $177,000. Orion Portfolio Solutions LLC increased its holdings in shares of ProShares Ultra QQQ by 41.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 10,157 shares of the company’s stock worth $1,099,000 after purchasing an additional 2,983 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of ProShares Ultra QQQ by 22.1% in the fourth quarter. Headlands Technologies LLC now owns 18,050 shares of the company’s stock worth $1,954,000 after purchasing an additional 3,267 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of ProShares Ultra QQQ by 19.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,839 shares of the company’s stock worth $1,823,000 after purchasing an additional 2,787 shares during the last quarter.

ProShares Ultra QQQ Trading Up 0.2%

Shares of QLD stock opened at $124.15 on Thursday. ProShares Ultra QQQ has a 12-month low of $64.72 and a 12-month high of $125.93. The stock’s 50-day moving average price is $113.80 and its 200-day moving average price is $103.70. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 31.03 and a beta of 2.27.

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.