Main Street Group LTD Sells 8,611 Shares of ProShares Ultra QQQ $QLD

Main Street Group LTD decreased its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,030,565 shares of the company’s stock after selling 8,611 shares during the quarter. ProShares Ultra QQQ makes up approximately 18.5% of Main Street Group LTD’s holdings, making the stock its largest holding. Main Street Group LTD’s holdings in ProShares Ultra QQQ were worth $62,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

ProShares Ultra QQQ Stock Performance

Shares of QLD stock opened at $88.57 on Friday. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 31.03 and a beta of 2.45. ProShares Ultra QQQ has a one year low of $56.60 and a one year high of $101.19. The company has a 50 day moving average price of $93.32 and a 200 day moving average price of $78.21.

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.