Cassaday & Co Wealth Management LLC Has $1.15 Million Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

Cassaday & Co Wealth Management LLC decreased its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,369 shares of the company’s stock after selling 320 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in ProShares Ultra QQQ were worth $1,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CreativeOne Wealth LLC acquired a new stake in shares of ProShares Ultra QQQ during the first quarter valued at about $223,000. Commonwealth Equity Services LLC acquired a new stake in ProShares Ultra QQQ during the 2nd quarter worth approximately $217,000. Client First Investment Management LLC bought a new stake in ProShares Ultra QQQ during the 2nd quarter worth approximately $4,888,000. Sanctuary Advisors LLC acquired a new position in ProShares Ultra QQQ in the 2nd quarter valued at approximately $572,000. Finally, Farther Finance Advisors LLC bought a new position in shares of ProShares Ultra QQQ during the second quarter valued at $498,000.

ProShares Ultra QQQ Stock Performance

Shares of NYSEARCA:QLD opened at $102.95 on Monday. The firm has a market cap of $7.04 billion, a PE ratio of 25.00 and a beta of 2.55. ProShares Ultra QQQ has a 52 week low of $66.49 and a 52 week high of $111.20. The firm’s fifty day moving average is $100.93 and its 200-day moving average is $96.80.

ProShares Ultra QQQ 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.