ProShares Ultra QQQ (NYSEARCA:QLD) Stock Position Reduced by First National Corp MA ADV

First National Corp MA ADV cut its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 30.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,970 shares of the company’s stock after selling 12,017 shares during the quarter. First National Corp MA ADV’s holdings in ProShares Ultra QQQ were worth $2,050,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QLD. AlphaMark Advisors LLC lifted its position in shares of ProShares Ultra QQQ by 91.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 489 shares of the company’s stock worth $29,000 after buying an additional 233 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of ProShares Ultra QQQ during the 1st quarter worth approximately $39,000. Spire Wealth Management lifted its holdings in shares of ProShares Ultra QQQ by 32.5% in the 3rd quarter. Spire Wealth Management now owns 1,092 shares of the company’s stock worth $65,000 after purchasing an additional 268 shares during the last quarter. UBS Group AG boosted its position in ProShares Ultra QQQ by 53.9% during the 3rd quarter. UBS Group AG now owns 2,551 shares of the company’s stock valued at $94,000 after purchasing an additional 893 shares during the period. Finally, Citigroup Inc. grew its stake in ProShares Ultra QQQ by 29.2% during the 4th quarter. Citigroup Inc. now owns 3,100 shares of the company’s stock worth $109,000 after buying an additional 700 shares during the last quarter.

ProShares Ultra QQQ Stock Performance

QLD stock opened at $87.86 on Thursday. ProShares Ultra QQQ has a 1 year low of $45.98 and a 1 year high of $89.74. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 25.00 and a beta of 2.27. The stock’s fifty day moving average is $84.20 and its two-hundred day moving average is $72.74.

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.