23,045 Shares in ProShares Ultra QQQ $QLD Bought by Sound Financial Strategies Group LLC

Sound Financial Strategies Group LLC acquired a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,045 shares of the company’s stock, valued at approximately $1,294,000. ProShares Ultra QQQ comprises approximately 0.8% of Sound Financial Strategies Group LLC’s investment portfolio, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Portus Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra QQQ during the first quarter worth about $26,000. Farmers & Merchants Investments Inc. increased its position in ProShares Ultra QQQ by 100.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock valued at $56,000 after acquiring an additional 400 shares during the period. Monetary Solutions Ltd acquired a new position in ProShares Ultra QQQ in the 4th quarter valued at about $59,000. Parallel Advisors LLC raised its stake in ProShares Ultra QQQ by 100.2% during the 4th quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock valued at $65,000 after acquiring an additional 462 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in ProShares Ultra QQQ during the 1st quarter valued at approximately $66,000.

ProShares Ultra QQQ Price Performance

NYSEARCA:QLD opened at $90.65 on Wednesday. The firm’s fifty day moving average price is $90.58 and its 200 day moving average price is $80.83. ProShares Ultra QQQ has a 1-year low of $56.60 and a 1-year high of $101.19. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 31.03 and a beta of 2.46.

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