UBS Group AG Has $3.40 Million Stock Position in ProShares Ultra QQQ $QLD

UBS Group AG lowered its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 38.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,310 shares of the company’s stock after selling 29,791 shares during the period. UBS Group AG’s holdings in ProShares Ultra QQQ were worth $3,402,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of QLD. Integrated Wealth Concepts LLC acquired a new position in shares of ProShares Ultra QQQ during the 1st quarter worth $557,000. Schnieders Capital Management LLC. acquired a new position in shares of ProShares Ultra QQQ during the 2nd quarter worth $271,000. JPMorgan Chase & Co. raised its holdings in shares of ProShares Ultra QQQ by 41,735.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,714 shares of the company’s stock worth $1,379,000 after buying an additional 11,686 shares in the last quarter. Ieq Capital LLC raised its holdings in shares of ProShares Ultra QQQ by 24.3% during the 2nd quarter. Ieq Capital LLC now owns 19,338 shares of the company’s stock worth $2,276,000 after buying an additional 3,776 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of ProShares Ultra QQQ during the 2nd quarter worth $263,000.

ProShares Ultra QQQ Stock Performance

ProShares Ultra QQQ stock opened at $93.10 on Monday. ProShares Ultra QQQ has a 52 week low of $49.74 and a 52 week high of $94.48. The stock has a market capitalization of $13.79 billion, a P/E ratio of 31.03 and a beta of 2.43. The stock has a fifty day moving average of $74.85 and a 200-day moving average of $71.91.

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.