ProShares Ultra QQQ $QLD Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 68.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,494 shares of the company’s stock after selling 5,447 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in ProShares Ultra QQQ were worth $294,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc grew its stake in shares of ProShares Ultra QQQ by 80.2% during the first quarter. IFP Advisors Inc now owns 899 shares of the company’s stock valued at $80,000 after acquiring an additional 400 shares in the last quarter. Spire Wealth Management grew its stake in shares of ProShares Ultra QQQ by 15.7% during the first quarter. Spire Wealth Management now owns 1,144 shares of the company’s stock valued at $102,000 after acquiring an additional 155 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of ProShares Ultra QQQ by 38.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 949 shares of the company’s stock valued at $112,000 after acquiring an additional 262 shares in the last quarter. Seek First Inc. acquired a new stake in shares of ProShares Ultra QQQ during the first quarter valued at about $203,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of ProShares Ultra QQQ during the second quarter valued at about $205,000.

ProShares Ultra QQQ Price Performance

Shares of ProShares Ultra QQQ stock opened at $141.10 on Friday. The company has a market capitalization of $10.28 billion, a PE ratio of 31.03 and a beta of 2.27. ProShares Ultra QQQ has a 1-year low of $64.72 and a 1-year high of $142.82. The business has a 50-day moving average of $132.57 and a 200-day moving average of $115.23.

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.