Cape Investment Advisory Inc. purchased a new stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 496 shares of the company’s stock, valued at approximately $54,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new position in ProShares Ultra QQQ during the 4th quarter valued at about $40,000. Financial Life Planners acquired a new stake in ProShares Ultra QQQ in the 4th quarter valued at about $51,000. IFP Advisors Inc increased its position in ProShares Ultra QQQ by 226.1% in the 4th quarter. IFP Advisors Inc now owns 499 shares of the company’s stock valued at $54,000 after acquiring an additional 346 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in ProShares Ultra QQQ in the 4th quarter valued at about $214,000. Finally, Tradition Wealth Management LLC acquired a new stake in ProShares Ultra QQQ in the 3rd quarter valued at about $207,000.
ProShares Ultra QQQ Trading Up 3.1 %
QLD opened at $105.29 on Monday. The stock has a market capitalization of $7.44 billion, a PE ratio of 33.52 and a beta of 2.23. ProShares Ultra QQQ has a 1-year low of $75.28 and a 1-year high of $120.68. The firm has a 50-day moving average price of $112.18 and a two-hundred day moving average price of $105.96.
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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