Cwm LLC Cuts Stock Holdings in ProShares Ultra QQQ $QLD

Cwm LLC lowered its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 99.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,018 shares of the company’s stock after selling 123,601 shares during the quarter. Cwm LLC’s holdings in ProShares Ultra QQQ were worth $72,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in QLD. Howard Capital Management Inc. raised its stake in ProShares Ultra QQQ by 95.4% in the 4th quarter. Howard Capital Management Inc. now owns 12,277,706 shares of the company’s stock valued at $864,473,000 after purchasing an additional 5,993,035 shares during the last quarter. Global View Capital Management LLC lifted its holdings in ProShares Ultra QQQ by 116.2% in the 4th quarter. Global View Capital Management LLC now owns 1,802,525 shares of the company’s stock valued at $126,916,000 after purchasing an additional 968,727 shares in the last quarter. Focus Financial Network Inc. boosted its stake in ProShares Ultra QQQ by 100.1% during the 4th quarter. Focus Financial Network Inc. now owns 599,334 shares of the company’s stock worth $42,199,000 after purchasing an additional 299,761 shares during the last quarter. Main Street Group LTD boosted its stake in ProShares Ultra QQQ by 2.3% during the 3rd quarter. Main Street Group LTD now owns 547,311 shares of the company’s stock worth $75,091,000 after purchasing an additional 12,223 shares during the last quarter. Finally, Toth Financial Advisory Corp grew its holdings in shares of ProShares Ultra QQQ by 71.9% during the fourth quarter. Toth Financial Advisory Corp now owns 262,628 shares of the company’s stock worth $18,492,000 after buying an additional 109,839 shares in the last quarter.

ProShares Ultra QQQ Stock Up 4.6%

Shares of NYSEARCA QLD opened at $91.72 on Friday. The firm has a 50-day simple moving average of $69.63 and a 200-day simple moving average of $70.47. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 31.03 and a beta of 2.43. ProShares Ultra QQQ has a 52 week low of $46.22 and a 52 week high of $91.74.

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. The Index is calculated under a modified capitalization-weighted methodology.