Karp Capital Management Corp trimmed its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 2.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,884 shares of the company’s stock after selling 2,030 shares during the quarter. ProShares Ultra QQQ comprises approximately 2.5% of Karp Capital Management Corp’s portfolio, making the stock its 5th biggest position. Karp Capital Management Corp’s holdings in ProShares Ultra QQQ were worth $6,914,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in QLD. Capital Investment Advisory Services LLC purchased a new stake in ProShares Ultra QQQ in the fourth quarter valued at approximately $54,000. Whitener Capital Management Inc. lifted its stake in ProShares Ultra QQQ by 28.1% in the first quarter. Whitener Capital Management Inc. now owns 2,014 shares of the company’s stock valued at $181,000 after buying an additional 442 shares during the last quarter. Private Asset Management Inc. purchased a new stake in ProShares Ultra QQQ in the first quarter valued at approximately $202,000. Round Table Services LLC purchased a new stake in shares of ProShares Ultra QQQ during the first quarter worth approximately $216,000. Finally, SG Americas Securities LLC purchased a new stake in shares of ProShares Ultra QQQ during the fourth quarter worth approximately $210,000.
Shares of ProShares Ultra QQQ stock traded up $1.66 during trading hours on Wednesday, hitting $91.72. 176,811 shares of the company were exchanged, compared to its average volume of 1,575,135. ProShares Ultra QQQ has a 1 year low of $58.44 and a 1 year high of $102.51.
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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.
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