ProShares Ultra QQQ (NYSEARCA:QLD) Stock Position Decreased by Watts Gwilliam & Co. LLC

Watts Gwilliam & Co. LLC trimmed its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,803 shares of the company’s stock after selling 220 shares during the period. ProShares Ultra QQQ accounts for approximately 0.8% of Watts Gwilliam & Co. LLC’s holdings, making the stock its 29th largest position. Watts Gwilliam & Co. LLC owned about 0.05% of ProShares Ultra QQQ worth $3,818,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group increased its position in ProShares Ultra QQQ by 36.5% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock worth $114,000 after buying an additional 306 shares during the last quarter. Tradition Wealth Management LLC bought a new position in shares of ProShares Ultra QQQ in the third quarter valued at approximately $207,000. Commonwealth Equity Services LLC acquired a new stake in shares of ProShares Ultra QQQ in the second quarter worth $217,000. Headlands Technologies LLC boosted its holdings in shares of ProShares Ultra QQQ by 200.9% during the 2nd quarter. Headlands Technologies LLC now owns 2,227 shares of the company’s stock worth $222,000 after buying an additional 1,487 shares during the period. Finally, Anchor Investment Management LLC grew its stake in ProShares Ultra QQQ by 131.2% in the 2nd quarter. Anchor Investment Management LLC now owns 2,312 shares of the company’s stock valued at $231,000 after buying an additional 1,312 shares during the last quarter.

ProShares Ultra QQQ Price Performance

QLD stock opened at $109.73 on Friday. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55. The company has a 50-day moving average of $110.20 and a two-hundred day moving average of $102.01. ProShares Ultra QQQ has a 52-week low of $72.97 and a 52-week high of $120.68.

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.