Axxcess Wealth Management LLC purchased a new stake in ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 99,625 shares of the company’s stock, valued at approximately $10,032,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. CreativeOne Wealth LLC acquired a new position in ProShares Ultra QQQ in the 1st quarter valued at about $223,000. Envestnet Portfolio Solutions Inc. grew its position in shares of ProShares Ultra QQQ by 3.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,949 shares of the company’s stock worth $520,000 after purchasing an additional 180 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of ProShares Ultra QQQ during the 2nd quarter worth approximately $217,000. Client First Investment Management LLC acquired a new position in shares of ProShares Ultra QQQ during the 2nd quarter worth approximately $4,888,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of ProShares Ultra QQQ during the 2nd quarter worth approximately $572,000.
ProShares Ultra QQQ Stock Up 0.1 %
Shares of NYSEARCA:QLD opened at $110.60 on Friday. The company’s 50 day moving average price is $99.17 and its two-hundred day moving average price is $95.70. ProShares Ultra QQQ has a 12-month low of $62.38 and a 12-month high of $110.93. The firm has a market cap of $7.57 billion, a PE ratio of 25.00 and a beta of 2.55.
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.
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