Adell Harriman & Carpenter Inc. lifted its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 118.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,085 shares of the company’s stock after acquiring an additional 4,385 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in ProShares Ultra QQQ were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morgan Stanley raised its holdings in shares of ProShares Ultra QQQ by 1,150.9% during the 3rd quarter. Morgan Stanley now owns 308,179 shares of the company’s stock worth $31,028,000 after acquiring an additional 283,542 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of ProShares Ultra QQQ during the 3rd quarter worth $267,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of ProShares Ultra QQQ during the 3rd quarter worth $2,260,000. Renaissance Technologies LLC purchased a new position in shares of ProShares Ultra QQQ during the 2nd quarter worth $1,487,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of ProShares Ultra QQQ during the 3rd quarter worth $210,000.
NYSEARCA QLD opened at $82.15 on Friday. ProShares Ultra QQQ has a 52 week low of $58.44 and a 52 week high of $102.51.
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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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