TQQQ, QLD Bets Grow at Wealth Advisers as Nasdaq Correction Tests Leveraged ETFs

Several U.S. wealth managers bulked up on leveraged Nasdaq-100 bets at year-end, filings show. Sherman Wealth Management snapped up 42,668 shares of ProShares UltraPro QQQ, according to market notes dated March 29 and March 30. Wealth Enhancement Advisory Services more than doubled its stake, now holding 135,309 shares. Woodward Diversified Capital increased its ProShares Ultra QQQ holdings as well.