Watts Gwilliam & Co. LLC Sells 220 Shares of ProShares Ultra QQQ (NYSEARCA:QLD)

Watts Gwilliam & Co. LLC trimmed its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,803 shares of the company’s stock after selling 220 shares during the quarter. ProShares Ultra QQQ makes up about 0.8% of Watts Gwilliam & Co. LLC’s investment portfolio, making the stock its 29th biggest holding. Watts Gwilliam & Co. LLC’s holdings in ProShares Ultra QQQ were worth $3,818,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in QLD. IMC Chicago LLC acquired a new stake in ProShares Ultra QQQ in the third quarter worth about $14,490,000. Axxcess Wealth Management LLC bought a new position in shares of ProShares Ultra QQQ in the 3rd quarter valued at about $10,032,000. First National Corp MA ADV grew its position in shares of ProShares Ultra QQQ by 1,039.1% during the 3rd quarter. First National Corp MA ADV now owns 87,014 shares of the company’s stock worth $8,762,000 after buying an additional 79,375 shares during the period. Client First Investment Management LLC bought a new stake in shares of ProShares Ultra QQQ during the second quarter worth approximately $4,888,000. Finally, GenTrust LLC acquired a new position in ProShares Ultra QQQ in the third quarter valued at approximately $2,569,000.

ProShares Ultra QQQ Stock Performance

QLD opened at $109.73 on Friday. The company has a fifty day moving average price of $110.20 and a two-hundred day moving average price of $102.01. The firm has a market capitalization of $7.51 billion, a PE ratio of 25.00 and a beta of 2.55. ProShares Ultra QQQ has a 52 week low of $72.97 and a 52 week high of $120.68.

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.