Kestra Advisory Services LLC Lowers Position in ProShares Ultra QQQ $QLD

Kestra Advisory Services LLC decreased its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 52.8% in the first quarter, Holdings Channel.com reports. The fund owned 10,034 shares of the company’s stock after selling 11,206 shares during the period. Kestra Advisory Services LLC’s holdings in ProShares Ultra QQQ were worth $612,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in ProShares Ultra QQQ in the 1st quarter worth $557,000. Schnieders Capital Management LLC. purchased a new position in shares of ProShares Ultra QQQ during the second quarter valued at about $271,000. JPMorgan Chase & Co. grew its position in shares of ProShares Ultra QQQ by 41,735.7% during the second quarter. JPMorgan Chase & Co. now owns 11,714 shares of the company’s stock valued at $1,379,000 after purchasing an additional 11,686 shares in the last quarter. Ieq Capital LLC increased its holdings in shares of ProShares Ultra QQQ by 24.3% in the second quarter. Ieq Capital LLC now owns 19,338 shares of the company’s stock worth $2,276,000 after purchasing an additional 3,776 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of ProShares Ultra QQQ in the second quarter worth about $263,000.

ProShares Ultra QQQ Stock Performance

NYSEARCA:QLD opened at $83.00 on Monday. The company has a market capitalization of $12.53 billion, a P/E ratio of 31.03 and a beta of 2.45. ProShares Ultra QQQ has a 12 month low of $56.60 and a 12 month high of $101.19. The business’s 50-day moving average is $92.63 and its 200 day moving average is $78.86.

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.