Castleview Partners LLC Sells 6,765 Shares of ProShares Ultra QQQ $QLD

Castleview Partners LLC lessened its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 23.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,717 shares of the company’s stock after selling 6,765 shares during the quarter. Castleview Partners LLC’s holdings in ProShares Ultra QQQ were worth $1,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of QLD. Portus Wealth Advisors LLC bought a new position in shares of ProShares Ultra QQQ in the 1st quarter worth approximately $26,000. Qube Research & Technologies Ltd purchased a new stake in shares of ProShares Ultra QQQ in the 3rd quarter worth approximately $71,000. Farmers & Merchants Investments Inc. boosted its holdings in ProShares Ultra QQQ by 100.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock worth $56,000 after acquiring an additional 400 shares in the last quarter. Monetary Solutions Ltd purchased a new position in shares of ProShares Ultra QQQ in the 4th quarter worth about $59,000. Finally, Parallel Advisors LLC raised its holdings in ProShares Ultra QQQ by 100.2% in the fourth quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock worth $65,000 after buying an additional 462 shares during the last quarter.

ProShares Ultra QQQ Trading Up 0.6%

QLD traded up $0.56 during trading on Friday, hitting $93.70. 2,841,074 shares of the company’s stock traded hands, compared to its average volume of 5,311,853. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 31.03 and a beta of 2.45. ProShares Ultra QQQ has a 12-month low of $56.60 and a 12-month high of $101.19. The company’s 50 day simple moving average is $92.89 and its two-hundred day simple moving average is $77.66.

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.