Creative Planning reduced its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,027 shares of the company’s stock after selling 1,149 shares during the period. Creative Planning’s holdings in ProShares Ultra QQQ were worth $1,278,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley raised its stake in shares of ProShares Ultra QQQ by 1,150.9% in the third quarter. Morgan Stanley now owns 308,179 shares of the company’s stock valued at $31,028,000 after acquiring an additional 283,542 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of ProShares Ultra QQQ in the third quarter valued at $267,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of ProShares Ultra QQQ in the third quarter valued at $2,260,000. Renaissance Technologies LLC acquired a new stake in shares of ProShares Ultra QQQ in the second quarter valued at $1,487,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of ProShares Ultra QQQ in the third quarter valued at $210,000.
Shares of NYSEARCA QLD opened at $79.34 on Monday. ProShares Ultra QQQ has a 12-month low of $58.44 and a 12-month 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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