180 Wealth Advisors LLC Sells 31,900 Shares of ProShares Ultra QQQ (NYSEARCA:QLD)

180 Wealth Advisors LLC cut its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 76.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the company’s stock after selling 31,900 shares during the quarter. 180 Wealth Advisors LLC’s holdings in ProShares Ultra QQQ were worth $647,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management grew its position in shares of ProShares Ultra QQQ by 52.7% in the 1st quarter. Spire Wealth Management now owns 719 shares of the company’s stock valued at $36,000 after acquiring an additional 248 shares during the period. Sunbelt Securities Inc. acquired a new position in ProShares Ultra QQQ during the first quarter worth approximately $39,000. Savior LLC raised its stake in ProShares Ultra QQQ by 860.7% in the first quarter. Savior LLC now owns 1,172 shares of the company’s stock valued at $58,000 after buying an additional 1,050 shares during the period. UBS Group AG lifted its position in shares of ProShares Ultra QQQ by 53.9% in the third quarter. UBS Group AG now owns 2,551 shares of the company’s stock valued at $94,000 after buying an additional 893 shares during the last quarter. Finally, Citigroup Inc. lifted its position in shares of ProShares Ultra QQQ by 29.2% in the fourth quarter. Citigroup Inc. now owns 3,100 shares of the company’s stock valued at $109,000 after buying an additional 700 shares during the last quarter.

ProShares Ultra QQQ Trading Up 0.3 %

QLD stock opened at $63.72 on Tuesday. The business’s 50 day simple moving average is $65.04 and its 200 day simple moving average is $57.02. ProShares Ultra QQQ has a 1-year low of $32.97 and a 1-year high of $70.74. The firm has a market capitalization of $5.08 billion, a PE ratio of 25.00 and a beta of 2.27.

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.