Legacy Wealth Managment LLC ID Sells 16,504 Shares of ProShares Ultra QQQ $QLD

Legacy Wealth Managment LLC ID decreased its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 92.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,252 shares of the company’s stock after selling 16,504 shares during the quarter. Legacy Wealth Managment LLC ID’s holdings in ProShares Ultra QQQ were worth $76,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QLD. Integrated Wealth Concepts LLC bought a new position in shares of ProShares Ultra QQQ during the first quarter valued at approximately $557,000. Schnieders Capital Management LLC. bought a new stake in ProShares Ultra QQQ in the second quarter valued at $271,000. JPMorgan Chase & Co. boosted 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 acquiring an additional 11,686 shares in the last quarter. Ieq Capital LLC increased its position in ProShares Ultra QQQ by 24.3% during the 2nd 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 position in ProShares Ultra QQQ during the 2nd quarter valued at $263,000.

ProShares Ultra QQQ Price Performance

QLD stock opened at $89.23 on Wednesday. ProShares Ultra QQQ has a 1 year low of $56.60 and a 1 year high of $101.19. The firm has a 50-day moving average of $93.05 and a 200 day moving average of $78.54. The company has a market cap of $13.47 billion, a P/E ratio of 31.03 and a beta of 2.45.

ProShares Ultra QQQ 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.