Avior Wealth Management LLC Reduces Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

Avior Wealth Management LLC lowered its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 4.3% during the 4th quarter, HoldingsChannel reports. The fund owned 15,685 shares of the company’s stock after selling 700 shares during the period. Avior Wealth Management LLC’s holdings in ProShares Ultra QQQ were worth $1,192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaMark Advisors LLC grew its holdings in ProShares Ultra QQQ by 91.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 489 shares of the company’s stock valued at $29,000 after purchasing an additional 233 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of ProShares Ultra QQQ during the first quarter valued at approximately $39,000. Spire Wealth Management raised its holdings in shares of ProShares Ultra QQQ by 32.5% in the third quarter. Spire Wealth Management now owns 1,092 shares of the company’s stock worth $65,000 after buying an additional 268 shares during the period. UBS Group AG lifted its stake in shares of ProShares Ultra QQQ by 53.9% during the 3rd quarter. UBS Group AG now owns 2,551 shares of the company’s stock worth $94,000 after acquiring an additional 893 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in ProShares Ultra QQQ by 29.2% during the 4th quarter. Citigroup Inc. now owns 3,100 shares of the company’s stock valued at $109,000 after acquiring an additional 700 shares during the period.

ProShares Ultra QQQ Stock Up 0.7 %

QLD stock opened at $82.70 on Wednesday. ProShares Ultra QQQ has a twelve month low of $45.98 and a twelve month high of $89.74. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55. The business’s fifty day simple moving average is $85.58 and its two-hundred day simple moving average is $75.18.

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.