Empower Advisory Group LLC lessened its holdings in ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) by 14.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,348 shares of the company’s stock after selling 764 shares during the quarter. Empower Advisory Group LLC’s holdings in ProShares Ultra QQQ were worth $471,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Dale Q Rice Investment Management Ltd purchased a new stake in ProShares Ultra QQQ during the fourth quarter valued at approximately $24,535,000. IMC Chicago LLC purchased a new stake in ProShares Ultra QQQ during the third quarter valued at approximately $14,490,000. Aveo Capital Partners LLC lifted its position in ProShares Ultra QQQ by 5,229.3% during the fourth quarter. Aveo Capital Partners LLC now owns 143,197 shares of the company’s stock valued at $15,500,000 after acquiring an additional 140,510 shares during the last quarter. Ridgepath Capital Management LLC purchased a new stake in ProShares Ultra QQQ during the fourth quarter valued at approximately $10,787,000. Finally, Axxcess Wealth Management LLC purchased a new stake in ProShares Ultra QQQ during the third quarter valued at approximately $10,032,000.
ProShares Ultra QQQ Stock Up 0.1 %
NYSEARCA:QLD opened at $119.12 on Thursday. ProShares Ultra QQQ has a 52 week low of $75.28 and a 52 week high of $120.68. The firm has a 50 day moving average of $112.94 and a 200 day moving average of $104.69. The stock has a market capitalization of $8.15 billion, a price-to-earnings 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.
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Want to see what other hedge funds are holding QLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra QQQ (NYSEARCA:QLD – Free Report).
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