ProShares Ultra QQQ (NYSEARCA:QLD) Stake Cut by SteelPeak Wealth LLC

SteelPeak Wealth LLC decreased its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,510 shares of the company’s stock after selling 603 shares during the period. SteelPeak Wealth LLC’s holdings in ProShares Ultra QQQ were worth $2,761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Tradition Wealth Management LLC acquired a new stake in ProShares Ultra QQQ during the third quarter worth about $207,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of ProShares Ultra QQQ during the 4th quarter worth approximately $214,000. Anchor Investment Management LLC lifted 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 purchasing an additional 1,312 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in ProShares Ultra QQQ during the 3rd quarter valued at approximately $233,000. Finally, Klingman & Associates LLC bought a new position in ProShares Ultra QQQ during the 3rd quarter worth $253,000.

ProShares Ultra QQQ Stock Performance

QLD stock opened at $111.93 on Wednesday. ProShares Ultra QQQ has a 1 year low of $75.28 and a 1 year high of $120.68. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55. The stock’s fifty day moving average is $111.46 and its two-hundred day moving average is $102.66.

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.