AmeriServ Wealth Advisors Acquires 6,517 Shares of ProShares Ultra QQQ $QLD

AmeriServ Wealth Advisors grew its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 86.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,075 shares of the company’s stock after buying an additional 6,517 shares during the quarter. ProShares Ultra QQQ makes up 0.6% of AmeriServ Wealth Advisors’ portfolio, making the stock its 22nd largest position. AmeriServ Wealth Advisors’ holdings in ProShares Ultra QQQ were worth $991,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QLD. Howard Capital Management Inc. increased its stake in shares of ProShares Ultra QQQ by 95.4% in the 4th quarter. Howard Capital Management Inc. now owns 12,277,706 shares of the company’s stock valued at $864,473,000 after buying an additional 5,993,035 shares during the period. Global View Capital Management LLC lifted its stake in shares of ProShares Ultra QQQ by 116.2% during the fourth quarter. Global View Capital Management LLC now owns 1,802,525 shares of the company’s stock valued at $126,916,000 after acquiring an additional 968,727 shares during the period. Main Street Group LTD lifted its stake in shares of ProShares Ultra QQQ by 89.9% during the fourth quarter. Main Street Group LTD now owns 1,039,176 shares of the company’s stock valued at $73,168,000 after acquiring an additional 491,865 shares during the period. Clearstead Trust LLC boosted its holdings in ProShares Ultra QQQ by 102.4% in the fourth quarter. Clearstead Trust LLC now owns 731,539 shares of the company’s stock valued at $51,508,000 after acquiring an additional 370,086 shares during the last quarter. Finally, Focus Financial Network Inc. boosted its holdings in ProShares Ultra QQQ by 100.1% in the fourth quarter. Focus Financial Network Inc. now owns 599,334 shares of the company’s stock valued at $42,199,000 after acquiring an additional 299,761 shares during the last quarter.

ProShares Ultra QQQ Stock Up 0.9%

Shares of QLD stock opened at $100.53 on Wednesday. The firm has a market cap of $14.89 billion, a price-to-earnings ratio of 31.03 and a beta of 2.43. ProShares Ultra QQQ has a 12 month low of $53.03 and a 12 month high of $100.60. The stock has a 50-day moving average price of $78.62 and a 200 day moving average price of $72.97.

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.