Meridian Wealth Management LLC Purchases 13,156 Shares of ProShares Ultra QQQ $QLD

Meridian Wealth Management LLC grew its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 100.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,220 shares of the company’s stock after buying an additional 13,156 shares during the quarter. Meridian Wealth Management LLC’s holdings in ProShares Ultra QQQ were worth $1,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QLD. Integrated Wealth Concepts LLC bought a new stake in shares of ProShares Ultra QQQ during the first quarter worth $557,000. Schnieders Capital Management LLC. bought a new stake in shares of ProShares Ultra QQQ during the second quarter worth $271,000. JPMorgan Chase & Co. grew its stake in shares of ProShares Ultra QQQ by 41,735.7% during the second quarter. JPMorgan Chase & Co. now owns 11,714 shares of the company’s stock worth $1,379,000 after buying an additional 11,686 shares during the last quarter. Ieq Capital LLC grew its stake in shares of ProShares Ultra QQQ by 24.3% during the second quarter. Ieq Capital LLC now owns 19,338 shares of the company’s stock worth $2,276,000 after buying an additional 3,776 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of ProShares Ultra QQQ during the second quarter worth $263,000.

ProShares Ultra QQQ Stock Performance

NYSEARCA QLD opened at $90.69 on Wednesday. The firm’s fifty day moving average price is $71.00 and its two-hundred day moving average price is $70.92. The stock has a market cap of $13.44 billion, a PE ratio of 31.03 and a beta of 2.43. ProShares Ultra QQQ has a fifty-two week low of $49.74 and a fifty-two week high of $92.61.

About ProShares Ultra QQQ

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. The Index is calculated under a modified capitalization-weighted methodology.