ProShares Ultra QQQ $QLD Position Lowered by GenWealth Group Inc.

GenWealth Group Inc. decreased its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 7.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,594 shares of the company’s stock after selling 10,387 shares during the quarter. ProShares Ultra QQQ makes up approximately 1.9% of GenWealth Group Inc.’s portfolio, making the stock its 17th biggest position. GenWealth Group Inc. owned 0.08% of ProShares Ultra QQQ worth $11,918,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Legacy Wealth Partners LLC raised its position in ProShares Ultra QQQ by 727.2% in the third quarter. Legacy Wealth Partners LLC now owns 51,512 shares of the company’s stock valued at $4,927,000 after purchasing an additional 45,285 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of ProShares Ultra QQQ during the third quarter valued at about $246,000. HBW Advisory Services LLC grew its holdings in shares of ProShares Ultra QQQ by 11.6% during the third quarter. HBW Advisory Services LLC now owns 19,762 shares of the company’s stock worth $1,890,000 after purchasing an additional 2,051 shares during the last quarter. Avior Wealth Management LLC bought a new stake in shares of ProShares Ultra QQQ during the third quarter worth about $1,585,000. Finally, Dale Q Rice Investment Management Ltd grew its holdings in shares of ProShares Ultra QQQ by 0.3% during the third quarter. Dale Q Rice Investment Management Ltd now owns 258,195 shares of the company’s stock worth $24,696,000 after purchasing an additional 682 shares during the last quarter.

ProShares Ultra QQQ Stock Performance

Shares of ProShares Ultra QQQ stock traded down $4.64 on Friday, hitting $87.72. The stock had a trading volume of 6,584,559 shares, compared to its average volume of 4,861,311. The stock has a 50 day moving average of $92.59 and a 200 day moving average of $88.41. ProShares Ultra QQQ has a twelve month low of $56.60 and a twelve month high of $101.62. The firm has a market capitalization of $13.88 billion, a P/E 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.