ProShares Ultra QQQ $QLD Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 68.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,494 shares of the company’s stock after selling 5,447 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in ProShares Ultra QQQ were worth $294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. CRA Financial Services LLC boosted its position in shares of ProShares Ultra QQQ by 3.8% during the second quarter. CRA Financial Services LLC now owns 2,754 shares of the company’s stock worth $324,000 after buying an additional 100 shares during the period. Lowery Thomas LLC boosted its position in shares of ProShares Ultra QQQ by 3.5% during the second quarter. Lowery Thomas LLC now owns 3,834 shares of the company’s stock worth $451,000 after buying an additional 131 shares during the period. Spire Wealth Management boosted its position in shares of ProShares Ultra QQQ by 15.7% during the first quarter. Spire Wealth Management now owns 1,144 shares of the company’s stock worth $102,000 after buying an additional 155 shares during the period. Financial Engines Advisors L.L.C. boosted its position in shares of ProShares Ultra QQQ by 1.5% during the first quarter. Financial Engines Advisors L.L.C. now owns 16,517 shares of the company’s stock worth $1,468,000 after buying an additional 246 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of ProShares Ultra QQQ by 38.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 949 shares of the company’s stock worth $112,000 after buying an additional 262 shares during the period.

ProShares Ultra QQQ Trading Up 1.7%

Shares of NYSEARCA QLD opened at $141.10 on Friday. The stock has a 50 day simple moving average of $132.57 and a 200-day simple moving average of $115.23. The company has a market cap of $10.28 billion, a PE ratio of 31.03 and a beta of 2.27. ProShares Ultra QQQ has a 12-month low of $64.72 and a 12-month high of $142.82.

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.