ProShares Ultra QQQ $QLD Shares Sold by Howard Capital Management LLC

Howard Capital Management LLC lessened its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 0.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,205,783 shares of the company’s stock after selling 52,972 shares during the quarter. ProShares Ultra QQQ comprises 9.3% of Howard Capital Management LLC’s portfolio, making the stock its 3rd largest position. Howard Capital Management LLC owned approximately 5.83% of ProShares Ultra QQQ worth $880,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. bought a new position in ProShares Ultra QQQ during the 2nd quarter valued at approximately $2,987,000. WealthBridge Capital Management LLC increased its position in ProShares Ultra QQQ by 90.4% during the 1st quarter. WealthBridge Capital Management LLC now owns 16,841 shares of the company’s stock valued at $1,027,000 after buying an additional 7,997 shares in the last quarter. Latitude Advisors LLC raised its stake in ProShares Ultra QQQ by 50.6% during the first quarter. Latitude Advisors LLC now owns 41,336 shares of the company’s stock valued at $2,521,000 after buying an additional 13,897 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in ProShares Ultra QQQ by 29.4% during the second quarter. 180 Wealth Advisors LLC now owns 25,853 shares of the company’s stock valued at $2,502,000 after buying an additional 5,874 shares during the last quarter. Finally, Discipline Wealth Solutions LLC raised its stake in ProShares Ultra QQQ by 316.3% during the first quarter. Discipline Wealth Solutions LLC now owns 122,373 shares of the company’s stock valued at $7,465,000 after buying an additional 92,975 shares during the last quarter.

ProShares Ultra QQQ Trading Down 5.0%

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

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. The Index is calculated under a modified capitalization-weighted methodology.