Howard Capital Management LLC Sells 52,972 Shares of ProShares Ultra QQQ $QLD

Howard Capital Management LLC reduced its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 0.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,205,783 shares of the company’s stock after selling 52,972 shares during the quarter. ProShares Ultra QQQ accounts for about 9.3% of Howard Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Howard Capital Management LLC owned 0.06% of ProShares Ultra QQQ worth $880,533,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Legacy Wealth Partners LLC increased its position in shares of ProShares Ultra QQQ by 727.2% during the third quarter. Legacy Wealth Partners LLC now owns 51,512 shares of the company’s stock valued at $4,927,000 after acquiring an additional 45,285 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new position in ProShares Ultra QQQ in the 3rd quarter worth approximately $246,000. HBW Advisory Services LLC lifted its position in ProShares Ultra QQQ by 11.6% in the 3rd quarter. HBW Advisory Services LLC now owns 19,762 shares of the company’s stock valued at $1,890,000 after acquiring an additional 2,051 shares in the last quarter. Avior Wealth Management LLC bought a new position in ProShares Ultra QQQ in the 3rd quarter valued at approximately $1,585,000. Finally, Dale Q Rice Investment Management Ltd lifted its position in ProShares Ultra QQQ by 0.3% in the 3rd quarter. Dale Q Rice Investment Management Ltd now owns 258,195 shares of the company’s stock valued at $24,696,000 after acquiring an additional 682 shares in the last quarter.

ProShares Ultra QQQ Trading Down 5.0%

QLD traded down $4.64 during trading on Friday, hitting $87.72. 6,584,559 shares of the company’s stock traded hands, compared to its average volume of 4,861,311. The company’s 50 day simple moving average is $92.59 and its two-hundred day simple moving average is $88.41. ProShares Ultra QQQ has a 12-month low of $56.60 and a 12-month high of $101.62. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 31.03 and a beta of 2.46.

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.