Edgestream Partners L.P. trimmed its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 55.1% during the fourth quarter, Holdings Channel reports. The fund owned 6,242 shares of the company’s stock after selling 7,651 shares during the quarter. Edgestream Partners L.P.’s holdings in ProShares Ultra QQQ were worth $458,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of ProShares Ultra QQQ in the 4th quarter worth about $1,282,000. Keybank National Association OH purchased a new position in shares of ProShares Ultra QQQ in the 4th quarter worth about $211,000. IPG Investment Advisors LLC purchased a new position in shares of ProShares Ultra QQQ in the 4th quarter worth about $228,000. GenWealth Group Inc. boosted its holdings in shares of ProShares Ultra QQQ by 36.2% in the 4th quarter. GenWealth Group Inc. now owns 23,898 shares of the company’s stock worth $2,037,000 after buying an additional 6,352 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new position in shares of ProShares Ultra QQQ in the 4th quarter worth about $581,000.
ProShares Ultra QQQ (QLD) opened at $81.43 on Tuesday. The firm has a market cap of $1,700.00 and a PE ratio of 4.97. ProShares Ultra QQQ has a fifty-two week low of $50.90 and a fifty-two week high of $88.01.
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.
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