Foundations Investment Advisors LLC Has $1.02 Million Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Foundations Investment Advisors LLC trimmed its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,106 shares of the company’s stock after selling 649 shares during the quarter. Foundations Investment Advisors LLC’s holdings in ProShares Ultra QQQ were worth $1,018,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QLD. Brookstone Capital Management grew its holdings in ProShares Ultra QQQ by 213.7% in the 1st quarter. Brookstone Capital Management now owns 55,623 shares of the company’s stock valued at $4,866,000 after buying an additional 37,892 shares in the last quarter. Norden Group LLC acquired a new position in ProShares Ultra QQQ in the 1st quarter valued at $212,000. Sequoia Financial Advisors LLC acquired a new position in ProShares Ultra QQQ in the 1st quarter valued at $218,000. Prosperity Consulting Group LLC acquired a new position in ProShares Ultra QQQ in the 1st quarter valued at $375,000. Finally, Westwood Wealth Management grew its holdings in ProShares Ultra QQQ by 1.0% in the 1st quarter. Westwood Wealth Management now owns 124,920 shares of the company’s stock valued at $10,928,000 after buying an additional 1,240 shares in the last quarter.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA QLD opened at $100.32 on Thursday. The stock’s fifty day moving average price is $97.54 and its two-hundred day moving average price is $93.91. ProShares Ultra QQQ has a one year low of $53.72 and a one year high of $110.04. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55.

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.