Creative Planning Sells 493 Shares of ProShares Ultra QQQ (NYSEARCA:QLD)

Creative Planning cut its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 0.9% in the third quarter, HoldingsChannel reports. The fund owned 54,691 shares of the company’s stock after selling 493 shares during the period. Creative Planning’s holdings in ProShares Ultra QQQ were worth $5,507,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Koshinski Asset Management Inc. raised its stake in shares of ProShares Ultra QQQ by 11.8% in the third quarter. Koshinski Asset Management Inc. now owns 4,754 shares of the company’s stock worth $479,000 after acquiring an additional 500 shares during the last quarter. Watts Gwilliam & Co. LLC bought a new position in shares of ProShares Ultra QQQ in the third quarter worth about $3,538,000. First National Corp MA ADV raised its stake in shares of ProShares Ultra QQQ by 1,039.1% in the third quarter. First National Corp MA ADV now owns 87,014 shares of the company’s stock worth $8,762,000 after acquiring an additional 79,375 shares during the last quarter. Central Valley Advisors LLC bought a new position in shares of ProShares Ultra QQQ in the third quarter worth about $483,000. Finally, Anchor Investment Management LLC grew its position in shares of ProShares Ultra QQQ by 131.2% during the 2nd quarter. Anchor Investment Management LLC now owns 2,312 shares of the company’s stock worth $231,000 after buying an additional 1,312 shares during the period.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA:QLD opened at $101.93 on Friday. ProShares Ultra QQQ has a one year low of $53.72 and a one year high of $110.04. The company has a 50 day moving average of $97.66 and a 200-day moving average of $93.96. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55.

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.