Cibc World Market Inc. Purchases 29,779 Shares of ProShares Ultra QQQ $QLD

Cibc World Market Inc. lifted its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 100.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,558 shares of the company’s stock after purchasing an additional 29,779 shares during the period. Cibc World Market Inc.’s holdings in ProShares Ultra QQQ were worth $4,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Financial Engines Advisors L.L.C. grew its holdings in shares of ProShares Ultra QQQ by 0.7% in the third quarter. Financial Engines Advisors L.L.C. now owns 16,513 shares of the company’s stock worth $2,266,000 after purchasing an additional 122 shares during the last quarter. Creative Planning grew its holdings in shares of ProShares Ultra QQQ by 1.1% in the third quarter. Creative Planning now owns 33,298 shares of the company’s stock worth $4,568,000 after purchasing an additional 364 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of ProShares Ultra QQQ by 3.6% in the third quarter. Orion Porfolio Solutions LLC now owns 10,863 shares of the company’s stock worth $1,490,000 after purchasing an additional 375 shares during the last quarter. Innova Wealth Partners grew its holdings in shares of ProShares Ultra QQQ by 3.3% in the third quarter. Innova Wealth Partners now owns 11,968 shares of the company’s stock worth $1,642,000 after purchasing an additional 386 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of ProShares Ultra QQQ by 100.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock worth $56,000 after purchasing an additional 400 shares during the last quarter.

ProShares Ultra QQQ Stock Performance

Shares of ProShares Ultra QQQ stock opened at $92.25 on Tuesday. ProShares Ultra QQQ has a 52-week low of $53.16 and a 52-week high of $101.19. The stock has a market capitalization of $13.67 billion, a price-to-earnings ratio of 31.03 and a beta of 2.46. The company’s 50 day moving average price is $82.01 and its 200-day moving average price is $73.91.

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