RIA Advisory Group LLC Sells 19,625 Shares of ProShares Ultra QQQ $QLD

RIA Advisory Group LLC lessened its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 36.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,820 shares of the company’s stock after selling 19,625 shares during the quarter. ProShares Ultra QQQ accounts for approximately 0.6% of RIA Advisory Group LLC’s portfolio, making the stock its 26th largest holding. RIA Advisory Group LLC’s holdings in ProShares Ultra QQQ were worth $2,452,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in QLD. Qube Research & Technologies Ltd bought a new position in ProShares Ultra QQQ in the third quarter valued at $71,000. Financial Consulate Inc. boosted its position in ProShares Ultra QQQ by 88.5% during the fourth quarter. Financial Consulate Inc. now owns 1,067 shares of the company’s stock valued at $75,000 after buying an additional 501 shares during the period. Spire Wealth Management boosted its position in ProShares Ultra QQQ by 152.0% during the fourth quarter. Spire Wealth Management now owns 1,527 shares of the company’s stock valued at $108,000 after buying an additional 921 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in ProShares Ultra QQQ by 100.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,898 shares of the company’s stock valued at $134,000 after buying an additional 949 shares during the period. Finally, Financial Life Planners purchased a new stake in ProShares Ultra QQQ during the third quarter valued at about $139,000.

ProShares Ultra QQQ Stock Up 1.9%

NYSEARCA QLD opened at $82.60 on Friday. The company has a 50-day simple moving average of $68.50 and a two-hundred day simple moving average of $70.08. ProShares Ultra QQQ has a 12-month low of $44.47 and a 12-month high of $83.05. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 31.03 and a beta of 2.43.

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.