Innova Wealth Partners purchased a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,175 shares of the company’s stock, valued at approximately $885,000.
Several other hedge funds have also made changes to their positions in QLD. IMC Chicago LLC purchased a new position in ProShares Ultra QQQ during the third quarter worth about $14,490,000. Axxcess Wealth Management LLC acquired a new stake in shares of ProShares Ultra QQQ in the third quarter worth approximately $10,032,000. First National Corp MA ADV grew its holdings in ProShares Ultra QQQ by 1,039.1% in the third quarter. First National Corp MA ADV now owns 87,014 shares of the company’s stock valued at $8,762,000 after purchasing an additional 79,375 shares during the period. Client First Investment Management LLC acquired a new position in ProShares Ultra QQQ during the second quarter worth approximately $4,888,000. Finally, Watts Gwilliam & Co. LLC purchased a new position in ProShares Ultra QQQ during the third quarter worth approximately $3,538,000.
ProShares Ultra QQQ Stock Down 3.6 %
Shares of NYSEARCA QLD opened at $109.71 on Wednesday. The stock has a market capitalization of $7.50 billion, a PE ratio of 25.00 and a beta of 2.55. The firm has a fifty day moving average of $109.85 and a 200-day moving average of $101.91. ProShares Ultra QQQ has a 52-week low of $71.63 and a 52-week high of $120.68.
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.
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Want to see what other hedge funds are holding QLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra QQQ (NYSEARCA:QLD – Free Report).
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