10,387 ProShares Ultra QQQ $QLD Shares Sold by GenWealth Group Inc.

GenWealth Group Inc. lowered its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 7.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 124,594 shares of the company’s stock after selling 10,387 shares during the period. ProShares Ultra QQQ comprises 1.9% of GenWealth Group Inc.’s holdings, making the stock its 17th largest holding. GenWealth Group Inc.’s holdings in ProShares Ultra QQQ were worth $11,918,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Legacy Wealth Partners LLC grew its stake in shares of ProShares Ultra QQQ by 727.2% in the third quarter. Legacy Wealth Partners LLC now owns 51,512 shares of the company’s stock worth $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 ProShares Ultra QQQ in the third quarter valued at $246,000. HBW Advisory Services LLC increased its holdings in ProShares Ultra QQQ by 11.6% in the third quarter. HBW Advisory Services LLC now owns 19,762 shares of the company’s stock valued at $1,890,000 after purchasing an additional 2,051 shares during the period. Avior Wealth Management LLC acquired a new stake in ProShares Ultra QQQ in the third quarter valued at $1,585,000. Finally, Dale Q Rice Investment Management Ltd raised its position in ProShares Ultra QQQ by 0.3% during the 3rd 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 Trading Down 5.0%

NYSEARCA:QLD traded down $4.64 during trading hours on Friday, hitting $87.72. 6,584,559 shares of the company were exchanged, compared to its average volume of 4,861,311. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 31.03 and a beta of 2.46. ProShares Ultra QQQ has a one year low of $56.60 and a one year high of $101.62. The company has a fifty day simple moving average of $92.59 and a 200 day simple moving average of $88.41.

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. The Index is calculated under a modified capitalization-weighted methodology.