JPMorgan Chase & Co. Sells 9,973 Shares of ProShares Ultra QQQ $QLD

JPMorgan Chase & Co. decreased its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 85.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,741 shares of the company’s stock after selling 9,973 shares during the quarter. JPMorgan Chase & Co.’s holdings in ProShares Ultra QQQ were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC grew its position in shares of ProShares Ultra QQQ by 2.5% during the 3rd quarter. Norden Group LLC now owns 3,080 shares of the company’s stock worth $423,000 after buying an additional 74 shares during the period. Financial Engines Advisors L.L.C. raised its position in shares of ProShares Ultra QQQ by 0.7% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 16,513 shares of the company’s stock valued at $2,266,000 after acquiring an additional 122 shares during the period. Sowell Financial Services LLC boosted its stake in ProShares Ultra QQQ by 0.7% during the 3rd quarter. Sowell Financial Services LLC now owns 23,861 shares of the company’s stock worth $3,274,000 after acquiring an additional 159 shares during the last quarter. Capital Advisory Group Advisory Services LLC boosted its stake in ProShares Ultra QQQ by 2.6% during the 3rd quarter. Capital Advisory Group Advisory Services LLC now owns 7,285 shares of the company’s stock worth $1,000,000 after acquiring an additional 185 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its holdings in ProShares Ultra QQQ by 1.3% during the third quarter. Miracle Mile Advisors LLC now owns 27,020 shares of the company’s stock valued at $3,707,000 after purchasing an additional 350 shares during the period.

ProShares Ultra QQQ Stock Performance

Shares of NYSEARCA:QLD opened at $74.80 on Friday. ProShares Ultra QQQ has a 52 week low of $35.99 and a 52 week high of $76.67. The company has a market capitalization of $10.87 billion, a PE ratio of 31.03 and a beta of 2.37. The company has a 50 day moving average price of $66.41 and a two-hundred day moving average price of $69.43.

ProShares Ultra QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were issued a $0.0132 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.05 annualized dividend and a dividend yield of 0.1%.

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.