Robinson Value Management Ltd. Trims Stock Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

Robinson Value Management Ltd. decreased its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 16.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,542 shares of the company’s stock after selling 2,620 shares during the period. Robinson Value Management Ltd.’s holdings in ProShares Ultra QQQ were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clay Northam Wealth Management LLC acquired a new position in shares of ProShares Ultra QQQ in the 4th quarter valued at about $277,000. Financial Life Planners acquired a new position in shares of ProShares Ultra QQQ in the 4th quarter valued at about $51,000. Ridgepath Capital Management LLC acquired a new position in shares of ProShares Ultra QQQ in the 4th quarter valued at about $10,787,000. Foundations Investment Advisors LLC lifted its holdings in shares of ProShares Ultra QQQ by 11.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 11,237 shares of the company’s stock valued at $1,216,000 after buying an additional 1,131 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of ProShares Ultra QQQ in the 4th quarter valued at about $214,000.

ProShares Ultra QQQ Stock Down 2.5 %

Shares of QLD stock opened at $112.15 on Friday. The stock has a market cap of $7.67 billion, a PE ratio of 25.00 and a beta of 2.55. The business has a 50-day simple moving average of $112.36 and a 200-day simple moving average of $103.23. ProShares Ultra QQQ has a 52-week low of $75.28 and a 52-week high of $120.68.

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.