Sequoia Financial Advisors LLC Reduces Position in ProShares Ultra QQQ $QLD

Sequoia Financial Advisors LLC lessened its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,396 shares of the company’s stock after selling 99 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ProShares Ultra QQQ were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Main Street Group LTD boosted its stake in shares of ProShares Ultra QQQ by 4.9% during the second quarter. Main Street Group LTD now owns 535,088 shares of the company’s stock valued at $62,985,000 after purchasing an additional 25,033 shares during the period. Marshall Financial Group LLC boosted its stake in shares of ProShares Ultra QQQ by 40.1% during the second quarter. Marshall Financial Group LLC now owns 256,981 shares of the company’s stock valued at $30,247,000 after purchasing an additional 73,580 shares during the period. Westwood Wealth Management boosted its stake in shares of ProShares Ultra QQQ by 3.3% during the first quarter. Westwood Wealth Management now owns 137,765 shares of the company’s stock valued at $12,245,000 after purchasing an additional 4,400 shares during the period. GenWealth Group Inc. boosted its stake in shares of ProShares Ultra QQQ by 23.1% during the second quarter. GenWealth Group Inc. now owns 79,730 shares of the company’s stock valued at $9,385,000 after purchasing an additional 14,967 shares during the period. Finally, First National Corp MA ADV boosted its stake in shares of ProShares Ultra QQQ by 9.2% during the second quarter. First National Corp MA ADV now owns 78,869 shares of the company’s stock valued at $9,284,000 after purchasing an additional 6,647 shares during the period.

ProShares Ultra QQQ Stock Down 2.0%

Shares of QLD stock opened at $138.72 on Thursday. The stock has a fifty day moving average of $132.33 and a 200 day moving average of $114.75. ProShares Ultra QQQ has a 52 week low of $64.72 and a 52 week high of $142.82. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 31.03 and a beta of 2.27.

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.