Galvin Gaustad & Stein LLC Has $611,000 Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

Galvin Gaustad & Stein LLC cut its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,065 shares of the company’s stock after selling 250 shares during the period. Galvin Gaustad & Stein LLC’s holdings in ProShares Ultra QQQ were worth $611,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in ProShares Ultra QQQ in the first quarter valued at approximately $65,000. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of ProShares Ultra QQQ by 36.5% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock valued at $114,000 after purchasing an additional 306 shares during the last quarter. WealthShield Partners LLC bought a new stake in ProShares Ultra QQQ in the second quarter worth $152,000. CWM LLC acquired a new position in ProShares Ultra QQQ during the second quarter worth $163,000. Finally, Hilltop Partners LLC bought a new position in ProShares Ultra QQQ during the first quarter valued at about $204,000.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA:QLD opened at $110.60 on Friday. The stock has a market capitalization of $7.57 billion, a P/E ratio of 25.00 and a beta of 2.55. The business has a 50-day moving average of $99.17 and a two-hundred day moving average of $95.59. ProShares Ultra QQQ has a fifty-two week low of $62.38 and a fifty-two week high of $110.93.

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.