Cresset Asset Management LLC Acquires New Stake in ProShares Ultra QQQ (NYSEARCA:QLD)

Cresset Asset Management LLC bought a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 26,780 shares of the company’s stock, valued at approximately $2,899,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in ProShares Ultra QQQ by 226.1% during the fourth quarter. IFP Advisors Inc now owns 499 shares of the company’s stock worth $54,000 after buying an additional 346 shares during the period. Townsquare Capital LLC lifted its holdings in shares of ProShares Ultra QQQ by 14.3% during the 4th quarter. Townsquare Capital LLC now owns 3,531 shares of the company’s stock worth $382,000 after acquiring an additional 442 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of ProShares Ultra QQQ by 9.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,177 shares of the company’s stock worth $236,000 after acquiring an additional 181 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in ProShares Ultra QQQ by 26.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,448 shares of the company’s stock valued at $914,000 after purchasing an additional 1,768 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in ProShares Ultra QQQ by 19.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,839 shares of the company’s stock valued at $1,823,000 after purchasing an additional 2,787 shares during the period.

ProShares Ultra QQQ Stock Down 0.2 %

NYSEARCA:QLD opened at $93.08 on Friday. ProShares Ultra QQQ has a fifty-two week low of $64.72 and a fifty-two week high of $120.68. The firm’s 50 day moving average is $87.47 and its two-hundred day moving average is $102.37. The company has a market cap of $6.56 billion, a P/E ratio of 26.35 and a beta of 2.36.

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.