Avior Wealth Management LLC Sells 1,600 Shares of ProShares Ultra QQQ (NYSEARCA:QLD)

Avior Wealth Management LLC lessened its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 13.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,285 shares of the company’s stock after selling 1,600 shares during the period. Avior Wealth Management LLC’s holdings in ProShares Ultra QQQ were worth $1,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Segment Wealth Management LLC purchased a new stake in ProShares Ultra QQQ during the fourth quarter worth $305,000. 180 Wealth Advisors LLC lifted its holdings in ProShares Ultra QQQ by 81.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 19,894 shares of the company’s stock worth $2,153,000 after buying an additional 8,959 shares during the period. Dale Q Rice Investment Management Ltd purchased a new stake in ProShares Ultra QQQ during the fourth quarter worth $24,535,000. Miracle Mile Advisors LLC lifted its holdings in shares of ProShares Ultra QQQ by 0.7% during the 4th quarter. Miracle Mile Advisors LLC now owns 48,080 shares of the company’s stock valued at $5,204,000 after purchasing an additional 350 shares during the last quarter. Finally, Innova Wealth Partners purchased a new stake in shares of ProShares Ultra QQQ during the 4th quarter valued at $885,000.

ProShares Ultra QQQ Trading Down 1.2 %

Shares of QLD opened at $115.49 on Friday. ProShares Ultra QQQ has a 12 month low of $75.28 and a 12 month high of $120.68. The stock has a fifty day moving average price of $111.26 and a 200-day moving average price of $102.67. The firm has a market cap of $7.90 billion, a PE ratio of 25.00 and a beta of 2.55.

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.